S&P said, "At the same time, we assigned our 'B' issue-level and'3' recovery ratings to the company's proposed senior securedfirst-lien credit facility, which comprises a $60 million revolvingcredit facility due in 2023, a $575 million term loan due 2025 anda $120 million delayed-draw term loan due in 2025. The '3' recoveryrating indicates our expectation for meaningful recovery (50%-70%;rounded estimate: 50%) of principal for debtholders in the event ofa default.

"We also assigned our 'CCC+' issue-level and '6' recovery ratingsto the company's proposed senior secured second-lien creditfacility, which comprises a $215 million term loan due 2026 and a$40 million delayed-draw term loan due in 2026. The '6' recoveryrating indicates our expectation for negligible recovery (0%-10%;rounded estimate: 0%) of principal for debtholders in the event ofa default.

"The negative rating outlook reflects our expectation that Accesswill pursue its aggressive growth strategy, driven by acquisitions,and use the delayed-draw facilities over the next 12 months to fundacquisitions at purchase multiples similar to prior acquisitionsand for general working capital purposes. We also expect thecompany's adjusted leverage will remain above 7x through 2018 anddecline to below 7x in 2019. Additionally, we expect the company'sadjusted FOCF to debt will improve to 5% in 2019. We could lowerthe corporate credit rating if we believe the company's leveragewill remain above 7x or its FOCF to debt will remain below 3% on asustained basis.

"The negative outlook reflects our expectation that Access'leverage will remain above 7x and its FOCF to debt will be around5% over the next 12 months due to debt-financed acquisitions andassociated integration costs.

"We could lower the corporate credit rating if we expect leverageto remain above 7x and FOCF to debt to be below 3% on a sustainedbasis. We could also lower the rating if the company encounterschallenges integrating acquisitions or if it faces competitivepressures that result in revenue declines and tighter EBITDAmargins.

"We could revise the outlook to stable if the company continues toincrease organic revenue and successfully integrates acquisitionssuch that FOCF to debt remains above 5% and leverage declines tothe mid- to high-6x range on a sustained basis."

ADVANCED CONTRACTING: Committee Taps Lowenstein Sandler as Counsel------------------------------------------------------------------The official committee of unsecured creditors of AdvancedContracting Solutions, LLC seeks approval from the U.S. BankruptcyCourt for the Southern District of New York to hire LowensteinSandler LLP as its legal counsel.

The firm will advise the committee regarding its duties under theBankruptcy Code; assist in its consultations with the Debtor;investigate the Debtor's business operation and financialcondition; represent the committee in matters related to assetdisposition, financing or the formulation of a plan ofreorganization; and provide other legal services related to theDebtor's Chapter 11 case.

On Dec. 8, 2017, the U.S. Trustee for Region 2 appointed anofficial committee of unsecured creditors.

ADVANCED CONTRACTING: Committee Taps Zolfo as Financial Advisor---------------------------------------------------------------The official committee of unsecured creditors of AdvancedContracting Solutions, LLC seeks approval from the U.S. BankruptcyCourt for the Southern District of New York to hire Zolfo Cooper,LLC, as its financial advisor and bankruptcy consultant.

The firm will advise the committee regarding the sale of theDebtor's business or assets; monitor the Debtor's cash flow andoperating performance; analyze claims; investigate potentialpreferential transfers and fraudulent conveyances; advise thecommittee on the Debtor's proposed plan of reorganization; andprovide other services related to the Debtor's Chapter 11 case.

The firm's hourly rates in effect as of Jan. 1 range from $850 to$1,035 for managing directors, $320 to $850 for professional staff,and $70 to $300 for support personnel.

David MacGreevey, managing director of Zolfo Cooper, disclosed in acourt filing that the members and employees of the firm do not holdor represent any interest adverse to the Debtor and its creditors

Unsecured creditors with allowed claims of $5,000 or less willreceive a cash dividend from the trust equal to 25% of theirallowed claim. Pursuant to the terms of a settlement, the UnitedStates will receive a promissory note from the Reorganized Debtorsin the face amount of $3 million, at 0% interest.

A full-text copy of the Second Amended Disclosure Statement datedDec. 20, 2017, is available at:

AGS Enterprises, Inc., and KLN Steel Products Company, LLC, eachfiled a chapter 11 petition (Bankr. N.D. Tex. Case Nos. 16-34322and 16-34323, respectively) on Nov. 2, 2016. The cases are jointlyadministered. In the petitions signed by Kelly O'Donnell,president, the Debtors estimated assets and liabilities at $1million to $10 million at the time of the filing. The case isassigned to Judge Stacey G. Jernigan.

The Debtors initially sought and obtained approval to hire CoatsRose, P.C., as counsel. After Frank Jennings Wright and two othersmoved to Gardere Wynne Sewell LLP, the Debtors sought and obtainedapproval to hire Gardere as replacement for Coats Rose.

"The negative CreditWatch reflects our opinion of the project'slower-than-expected debt service coverage," said S&P Global Ratingscredit analyst Raymond Kim. "We anticipate receiving updated 2017financial data within 90 days. Should coverage remain below 1.10xfor either class of bonds, we will likely lower the ratings." Animprovement in debt service coverage could lead to an affirmationor positive rating action.

The bonds were issued to finance the acquisition and rehabilitationof three multifamily rental housing properties, each owned by oneof three limited liability companies, the sole member of which isAgape 2015 Portfolio Inc., an affiliate of American AgapeFoundation. The properties, with a total of 327 units, are: HimbolaManor in Lafayette, La.; Canaan Tower in Shreveport, La.; and ParkLake in Fayetteville, Ark.

S&P said, "Our 'BB+' corporate credit rating on Antero MidstreamPartners L.P. reflects our fair assessment of the partnership'sbusiness risk profile and our intermediate assessment of itsfinancial risk profile. Antero Midstream is a publicly traded MLPcreated by exploration and production (E&P) company AnteroResources Corp. to own, operate, and develop its midstream assetsin the Marcellus and Utica shale formations. Specifically, AnteroResources Corp. owns approximately 53% of Antero Midstream PartnersL.P.'s units and has dedicated substantially all of its current andfuture acreage to the partnership under long-term fixed feegathering compression and water services contracts." AnteroMidstream receives the vast majority of its volumes from AnteroResources Corp. in relatively concentrated areas in the Marcellusand Utica shale formations. S&P views Antero Midstream asstrategically important to Antero Resources Corp.

S&P said, "The stable outlook on Antero Midstream reflects ourexpectation that the partnership will continue to increase itsvolumes as Antero Resources' production grows. We anticipate thatthe partnership will sustain adjusted debt to EBITDA of about 2.5xin 2018 and 2019 while maintaining adequate liquidity. In addition,we expect Antero Midstream Partners L.P. to maintain healthydistribution coverage of about 1.3x in 2018 and 2019.

"We could lower our ratings on Antero Midstream if we lowered ourratings on Antero Resources Corp.

"We could lower the ratings on Antero Resources Corp. if its cashflow expectation weakened below our current expectations, such thatFFO to debt fell below 30% with no near-term remedy. Given ourcurrent forecast for Antero Resources Corp. and its favorable hedgeposition, we consider such a decline unlikely over the next 12months. We could also consider a lower rating if the companypursued a more aggressive financial policy that resulted in adeterioration of credit measures.

"In addition, we could lower our ratings on Antero Midstream if welowered our stand-alone credit profile (SACP) on the partnership.For example, we could lower our SACP on the partnership if its debtto EBITDA increased above 4x on a sustained basis. This could occurif Antero Midstream adopted a more aggressive financial profile orundertook a debt-financed acquisition that is not financed in abalanced manner.

"Although unlikely in the near term, we could raise our ratings onAntero Midstream if we raised our ratings on Antero Resources Corp.and raised our SACP on the partnership.

"We could consider a positive rating action on Antero ResourcesCorp. if its consolidated leverage measures improved such that FFOto total debt exceeded 45% and debt to EBITDA declined closer to 2xon a sustained basis. This would most likely occur if the companybegan generating positive discretionary cash flow by furtherimproving profitability or executing greater capital efficiency. Inaddition for an upgrade, we need to expect that Antero ResourcesCorp. will be committed to maintaining a financial policyappropriate for an investment-grade profile.

"Furthermore, we could raise our SACP on Antero Midstream if thepartnership increased the size, scale, and diversity of itsbusiness or maintained a much more conservative financial profileon a sustained basis."

"The Plan is the outcome of extensive negotiations among theDebtors and the Supporting Creditors that began over a year ago.The Plan contemplates a restructuring that provides for, amongother things, debt for equity conversions with respect to the TermLoans and payment in full in cash of General Unsecured Claims. Therestructuring contemplated by the Restructuring Support Agreementand the Plan will deleverage the Debtors' balance sheet and leavethem positioned to succeed in the highly competitive natural gasand oil industry," CEO Jeffrey A. Fisher explains in courtfilings.

"In late 2014, natural gas, oil and NGL prices began declining as aresult of several factors, including increased supplies, relativelymild weather in the United States and weak global economic growth. Natural gas, oil and NGL prices continued to decline throughout2015 and remained suppressed throughout 2016 and 2017," Robert W.Kelly II, General Counsel and Secretary, explained in courtfilings.

The Debtors' net loss for 2016 was $677 million, representing anincrease in the Debtors' net loss of $513 million from fiscal year2015. Additionally, the Debtors' unaudited net loss for the yearended December 31, 2017 was $98 million.

As of the Petition Date, ARM had an unrestricted cash balance of$10 million and restricted cash of $192 million.

Prepetition Indebtedness

A. The First Lien Term Loan

The Debtors are party to a $750 million senior first lien securedterm loan facility, dated as of Aug. 4, 2014 (the "First LienCredit Facility"), with Cortland Capital Market Services LLC("Cortland") as successor administrative and collateral agent toCitibank, N.A. ("Citi") and certain lenders party thereto (the"First Lien Lenders"). The First Lien Credit Facility was fullydrawn on August 4, 2014 and matures on August 4, 2020. As of thedate hereof, approximately $708 million remains outstanding inprincipal under the First Lien Credit Facility.

In connection with the First Lien Credit Facility, the Debtorsestablished a capital expenditures reserve account (the "CapExAccount"), initially funded by $300 million of the First LienCredit Facility proceeds. If certain conditions are satisfied, theDebtors are entitled to withdraw funds from the CapEx Account for anumber of purposes, including the development of certain acreage,the acquisition of certain properties to address title andenvironmental defects subsequent to the initial acquisition ofproperties in August 2014, and for general corporate purposes,including debt service. As of the Petition Date, the balance of theCapEx Account is $106 million.

B. The Second Lien Term Loan

The Debtors also are party to a $450 million senior second liensecured term loan facility, dated as of August 4, 2014 (the "SecondLien Credit Facility"), with Cortland as successor administrativeand collateral agent to Citi and certain lenders party thereto (the"Second Lien Lenders"). The Second Lien Credit Facility was fullydrawn on August 4, 2014 and matures on August 4, 2021. In Apriland May 2016, ARO repurchased approximately $102 million principalamount of the Second Lien Term Loans in the open market. AROcontributed these repurchased loans to ARM Holdings and they weresubsequently cancelled and extinguished. As of the Petition Date,approximately $348 million remains outstanding in principal underthe Second Lien Credit Facility.

Road to Chapter 11

In April 2016, in anticipation of a potential restructuring of theDebtors, the First Lien Term Loan Agent engaged Davis Polk &Wardwell LLP as counsel, and in December 2016, engaged Moelis &Company as financial advisors.

In light of adverse market conditions, starting in the fall of2016, the Debtors commenced negotiations with Davis Polk, Moelis,and certain Holders of First Lien Term Loans and Second Lien TermLoans.

These negotiations revolved around a restructuring pursuant towhich the existing management team would remain in place andimplement a new business plan and the Debtors would continue as agoing concern. The parties exchanged eighteen proposals, revisedproposals and counteroffers between the months of January and July2017.

These discussions continued and ultimately, on September 5, 2017,the Debtors entered into the Restructuring Support Agreement. TheRestructuring Support Agreement established a dual-path consensualresolution. First, the parties agreed to a timeline for theDebtors and the Supporting Creditors to pursue a marketing processfor the sale of all or substantially all of the Debtors' assets. Second, simultaneous to the marketing process, the parties agreedto pursue a consensual reorganization pursuant to which the Firstand Second Lien Term Lenders would convert their debt to equity,all general unsecured creditors would be unimpaired and theexisting management team would continue to manage the business inexchange for equity in the reorganized Debtors. As of the PetitionDate, Supporting Creditors that own or manage with the authority toact on behalf of the beneficial owners of 78% in principal amountof the First Lien Term Loan and 79% in principal amount of theSecond Lien Term Loan are party to the Restructuring SupportAgreement.

The Restructuring Support Agreement establishes the framework forthe development and solicitation of the Plan, which has beenformulated not only to eliminate debt, but to maintain theunderlying value of the Debtors' businesses and to position theDebtors for future growth. This process was designed to save theDebtors significant administrative costs, and will result in a farbetter outcome for the estates than a potential free-fallbankruptcy that could be necessary without the RestructuringSupport Agreement. The Debtors believe that a protractedbankruptcy could ultimately threaten their ability to reorganize.

The Restructuring Support Agreement represents a significant stepforward in resolving the Debtors' financial difficulties byright-sizing their balance sheet through a consensual and swiftrestructuring process. In addition to reducing funded debt, theRestructuring Support Agreement negotiations resulted in bindingterm sheets (incorporated therein) that set forth the materialsterms of the Plan, the Reorganized Debtor's corporate governance,and the New Management Services Agreement. The RestructuringSupport Agreement also avoids the risk and expense of a contestedbankruptcy process, with potential fights over use of the Debtors'cash, treatment of claims, and valuation.

Summary of Chapter 11 Plan

The Plan, which is supported by the Supporting Creditors, willachieve the Debtors' restructuring goals by reducing the Debtors'total funded debt and continuing the Debtors' operations as a goingconcern.

The Plan contemplates, among other things, the occurrence of thesetransactions on the Effective Date:

* The reorganized debtors will enter into the new first lienterm loan. The security interests and liens securing the New FirstLien Term Loan will have priority over all other security interestsand liens in the assets of the Reorganized Debtors.

* Holders of allowed first lien term loan claims will receivepro rata portions of the New First Lien Term Loan. In addition,Holders of Allowed First Lien Term Loan Claims will receive 96.56%of the initial New ARM Holdings Interests, subject to dilution andwarrants. Holders of First Lien Term Loan Claims owed $749 millionwill have a recovery of 64.6% to 81.5%.

* Holders of allowed second lien term loan claims will receive3.44% of the initial New ARM Holdings Interests, subject todilution and warrants. Holders of second lien term loan claimsowed $378.7 million will recover 3.4% to 6.8%.

* Holders of allowed general unsecured claims will receive cashin the amount of its allowed general unsecured claim. Holders ofgeneral unsecured claims estimated to total $1.5 million will havea 100% recovery.

* ARM Holdings Interests will be cancelled and discharged as ofthe Effective Date and Holders of ARM Holdings Interests will notreceive any distribution on account of its Interest in ARMHoldings.

* On the Effective Date, immediately after giving effect to thedistributions set forth in Section 4.3 of the Plan, Reorganized ARMHoldings shall convert into a Delaware corporation.

* On the Effective Date, Reorganized ARM Holdings and ARMS shallenter into the New Management Services Agreement pursuant to whichARMS shall perform management, operational, administrative andmanagement services for the Reorganized Debtors. In exchange, asconsideration, ARMS shall earn up to 7% of the initial New ARMHoldings Interests and the New ARM Holdings Warrants in accordancewith the terms of the New Management Services Agreement.

Plan Timetable

The Debtors propose this timetable relevant to the solicitationprocedures and plan confirmation:

The Restructuring Support Agreement established a timeline for theDebtors and the Supporting Creditors to pursue a marketing processfor the sale of all or substantially all of the Debtors' assets. The Debtors, with the support of the Supporting Creditors, engagedTudor Pickering Holt & Co. to run a marketing process for the saleof all of the Debtors' assets beginning in September 2017. Afteran extensive process, the Debtors received a number of bids forsome or all of the Debtors' assets. However, after reviewing thebids and further discussions with potential purchasers, the Debtorsand Supporting Creditors determined that a sale at this time is notin the best interest of all stakeholders and agreed to pursue areorganization.

Although the marketing process has concluded and the Debtors do notexpect to pursue a sale, the Plan contemplates the option ofconsummating a sale on or prior to the Effective Date. The Debtorsmay, with consent of the Supermajority Consenting First Lien TermLenders, consummate a sale on or prior to the Effective Datepursuant to the Plan in which case proceeds of such sale will bedistributed in accordance with the Plan.

In the event the Debtors consummate a Sale on or prior to theEffective Date in accordance with Section 6.2 of the Plan, thetreatment of Claims and Interests in the Debtors shall be asfollows:

(a) The treatment of Other Priority Claims (Class 1), OtherSecured Claims (Class 2) and General Unsecured Claims (Class 4)shall remain unchanged from the treatment as set forth in Section4.3 of the Plan.

(b) The Sale Proceeds shall be distributed as follows:

(i) first, $125 million Pro Rata to the Holders of FirstLien Term Loan Claims;

(ii) second, the Service Fee in accordance with the termsof the Restructuring Support Agreement and

(iii) third, with respect to the Remaining Sale Proceeds,the First Lien Residual Sale Consideration Pro Rata to the Holdersof First Lien Term Loan Claims and the Second Lien SaleConsideration Pro Rata to the Holders of Second Lien Term LoanClaims.

(c) All Interests in ARM Holdings, ARM and ARM Mineralsoutstanding as of the Effective Date will be cancelled and shall beof no further force and effect, whether surrendered forcancellation or otherwise; provided, however, if the Sale is a saleof the Debtors’ Interests, New ARM Holdings Interests, New ARMInterests and New ARM Minerals Interests may be issued and sold.Holders of ARM Holdings Interests (Class 5A), ARM Interests (Class5B) and ARM Minerals Interests (Class 5C) will not receive anydistribution.

First Day Motions

A hearing on the Debtors' first day motions will be held on Feb. 8,2018, at 10:00 a.m. (ET) before the Honorable Laurie S.Silverstein, U.S. Bankruptcy Court for the District of Delaware,824 North Market Street, 6th Floor, Courtroom 2, Wilmington,Delaware, 19801.

Ascent Resources, LLC, Ascent Resources Utica Holdings, LLC, AscentResources - Utica, LLC and Ascent Resources Management Services,LLC -- Ascent Entities -- are not included in the ARM Restructuringand their operations remain unaffected by the ARM Restructuring. The Ascent Entities are separate and distinct entities that havetheir own capital structures, financing and operations. The AscentEntities do not guarantee any of the ARM Entities debt.

On Feb. 6, 2018, the Debtors filed their Plan of Reorganizationand the Disclosure Statement related thereto. The Bankruptcy Courtwill hold a hearing to consider approval of the DisclosureStatement at a later date which has not yet been set.

ATD CAPITOL: Seeks April 9 Exclusive Plan Filing Period Extension-----------------------------------------------------------------ATD Capitol, LLC, filed with the U.S. Bankruptcy Court for theSouthern District of Florida a motion to extend:

(a) its exclusive period to propose a Chapter 11 plan throughand including April 9, 2018;

(b) the period to solicit acceptances of the plan through andincluding June 8, 2018; and

(c) the procedures order deadline to through and including April9, 2018.

Based on the Petition Date, the Debtor's Exclusive Filing Periodwas set to expire Feb. 6, 2018 and the Exclusive SolicitationPeriod was set to expire April 7, 2018.

The Debtor relates that since the Petition Date, it has devoted asignificant amount of time to complying with the requirements ofoperating as a debtor-in-possession during a Chapter 11 case.

The Debtor is a wholly owned subsidiary of Capitol Supply, Inc.,who is also a debtor in a bankruptcy case pending before the Courtat In re Capitol Supply, Inc., Case No. 17-21544-EPK. The Debtorclaims that its proposed reorganization will be impacted by theoutcome of the appeal of the Court's decision with respect to acontested matter in Capitol Supply's bankruptcy case.

Specifically, Capitol Supply obtained an order from the Courtenforcing the stay against an action by the United States, one ofits largest unsecured creditors, and Louis Scutellaro pendingbefore the District Court for the District of Columbia ("DC Case").After the United States appealed the Court's decision to the UnitedStates District Court for the Southern District of Florida, CapitolSupply submitted its appellate brief on Jan. 26, 2018, and theUnited States' deadline to submit its reply brief is Feb. 9, 2018.

In addition, Capitol Supply and the United States have begunsettlement discussions with respect to the claims asserted in theDC Case.

Accordingly, the Debtor requires additional time to permit CapitolSupply to pursue such settlement discussions with the United Statesprior to the Debtor formulating and proposing its plan ofreorganization and disclosure statement.

About ATD Capitol

ATD Capitol, LLC, was incorporated on Aug. 12 2015, and is in theoffice and public building furniture business. ATD is an affiliateof Capitol Supply, Inc., which sought bankruptcy protection (Bankr.S.D. Fla. Case No. 17-21544) on Sept. 20, 2017.

ATD Capitol, LLC, based in Boca Raton, FL, filed a Chapter 11petition (Bankr. S.D. Fla. Case No. 17-22257) on Oct. 9, 2017. Inthe petition signed by Robert J. Steinman, president, the Debtorestimated $100,000 to $500,000 in assets and $1 million to $10million in liabilities. The Hon. Paul G. Hyman, Jr. presides overthe case. Bradley Shraiberg, Esq., at Shraiberg Landau & Page,P.A., serves as bankruptcy counsel to the Debtor. An officialcommittee of unsecured creditors has not yet been appointed in theChapter 11 case.

AUTO SUPPLY: Has Final OK on $10.5-Mil Financing, Cash Use----------------------------------------------------------Judge Lena Mansori James of the U.S. Bankruptcy Court for theMiddle District of North Carolina authorized Auto Supply Co., Inc.to use cash collateral and incur post-petition debt on a finalbasis.

The Debtor is authorized and have agreed to incur Post-petitionDebt solely: (1) in accordance with the terms and provisions of theOrder, (2) to the extent required to pay those expenses enumeratedin the Budget, including the Carveout, as and when such expensesbecome due and payable, subject to the Variance Covenants, (3) tothe extent of Positive Borrowing Availability; and (4) to payAllowable 506(b) Amounts and the Post-petition Charges.

In furtherance of the approval of the Post-petition Agreement, theCourt has also approved the following material terms of thePost-petition Debt:

(a) The maximum principal amount of Aggregate Debtoutstanding at any time, inclusive of Allowable 506(b) Amounts andPost-petition Charges, will not at any time exceed $10,500,000.

(b) The Post-petition Debt will bear interest at a per annumrate equal to the default rate applicable to Advances under Section1.3(b) of the Prepetition Credit Agreement.

(c) The Debtor will pay to Wells Fargo Bank, N.A., in itscapacity as provider of post-petition credit ("Post-petitionLender"), a closing fee in the amount of $160,000: $60,000 of whichwill be fully earned, due and payable immediately upon the entry ofthe Order and $100,000 of which will be fully earned on the datehereof but not be due and payable until March 16, 2018. However, ifthe Aggregate Debt has been permanently repaid to an amount equalto or less than $1,000,000 as of March 16, 2018, such secondportion of the Closing Fee will be waived.

(d) The Post-petition Debt will mature and be due and payablein full by Debtor on the Termination Date.

(e) Each Guaranty and all related security documents willremain in full force and effect. Each Guarantor is and will remainliable for the guaranteed obligations under each such Guaranty, andis authorized and directed to reaffirm the Guaranty and relatedsecurity documents in form and substance acceptable to Lenders,including confirmation of each Guarantor's obligations to guarantyrepayment of Aggregate Debt up to $1,200,000 and waiver byGuarantor of any defenses and counterclaims relating to theGuaranty. Partland, LLC is authorized and directed to reaffirm itsjoint and several liability under the Prepetition Documents anddirected to execute a guaranty of the Post-petition Debt andrelated security documents in form and substance acceptable toPost-petition Lender.

(f) Wells Fargo Bank will have the right to establish andmaintain such Reserves against Positive Borrowing Availability asWells Fargo Bank, in its sole discretion, deem appropriate,including, without limitation, the Reserves in existence orscheduled to come into existence as of the Filing Date.

(g) All "Control Agreements" in effect as of the Filing Datewill remain in full force and effect notwithstanding the entry ofthe Order and any subsequent orders amending the Order, and will bedeemed to be in effect and apply to the Post-petition Lender andthe Post-petition Debt as well as the Prepetition Lender and thePrepetition Debt.

(h) All subordination agreements or other agreementsgoverning the relative rights or priorities of Prepetition Lenderwith other creditors of Debtor, Partland, LLC, or the Guarantorsthat were in effect as of the Filing Date will remain in full forceand such agreements will be deemed amended to provide Post-petitionLender and the Post-petition Debt the same rights, priorities, andobligations as applicable to Prepetition Lender and the PrepetitionDebt.

The Debtor acknowledges that the Prepetition Documents evidence andgovern the Prepetition Debt, the Prepetition Liens and theprepetition financing relationship among Debtor, Debtor'saffiliate, Partland, LLC ("Partland"), the Guarantors, and WellsFargo Bank, N.A. As of the Filing Date, the Debtor is liable forpayment of the Prepetition Debt, and the Prepetition Debt will bean allowed secured claim in an amount not less than $10,048,896,exclusive of accrued and accruing Allowable 506(b) Amounts.

Wells Fargo Bank is granted with replacement liens as security forpayment of the Prepetition Debt. The replacement liens: (1) are andwill be in addition to the Prepetition Liens; (2) are and will beproperly perfected, valid and enforceable liens without any furtheraction by Debtor or Wells Fargo Bank and without the execution,filing or recordation of any financing statements, securityagreements, mortgages or other documents or instruments; and (3)will remain in full force and effect.

Founded in 1954, Auto Supply Co., Inc. -- http://www.ascodc.com/-- is a family-owned supplier of OEM and aftermarket automotive parts,serving the automotive repair professional from three distributioncenters, 15 store locations and seven battery trucks throughoutNorth Carolina and Western Virginia. The Company is based inWinston Salem, North Carolina.

The Office of the U.S. Trustee on Jan. 22, 2018, appointed sixcreditors to serve on the official committee of unsecured creditorsin the Chapter 11 case. The committee members are: (1)Federal-Mogul Motorparts; (2) Standard Motor Products; (3) GlobalParts Distributors, LLC; (4) The Timken Corporation; (5) US PackLogistics; and (6) Cardone Industries, Inc.

The ratings and Outlook reflect Ball's leading market positions inthe majority of its product segments and geographies, successfulintegration of the Rexam PLC acquisition since June 30, 2016 aswell as steady progress on its commitment to return net leveragewithin a range of 3.0x-3.5x (exclusive of factoring obligations) by2019.

KEY RATING DRIVERS

Leading Global Position: Ball is the industry leader in thebeverage can packaging industry with about 30% global market share,inclusive of 42% market share in North & Central America, 56% inSouth America and 40% in Europe. The beverage can segment accountsfor close to 80% of Ball's revenues with a portfolio mix of about35% specialty / 65% standard, which compares favourably to theindustry-wide mix of 20% specialty / 80% standard. Conversion tospecialty sized cans, as opposed to the standard 12-ounce can,provides higher margins and improves customer stickiness. The widegeographic diversity of Ball's revenue base helps smooth theeffects of economic or political disturbances in any specificregion.

Material Deleveraging Underway: Management's commitment todeleveraging back to a net target of 3.0x-3.5x by 2019 (excludingfactoring obligations) is a key rating consideration. Ball has astrong track record for deleveraging following large acquisitionsand Fitch expects that Ball will generate sufficient FCF to reachits target. Net debt is expected at $6.5 billion at year-end 2017,from about $7.1 billion at the close of the Rexam acquisition. The'BB+' IDR reflects Fitch's expectation that Ball's leverage(defined by Fitch as gross debt inclusive of factored receivables /EBITDA) will be slightly below 4.0x by the end of 2018.

Smooth Integration of Rexam: The integration of the Rexam assets isprogressing efficiently, with management still confident ofreaching $300 million in synergies by 2019 driven by reducedadministrative expenses, plant footprint optimization, as well asimproved sourcing and logistics. Fitch shares Ball's confidence insynergy benefits and other footprint optimization initiatives andforecasts close to $2 billion in EBITDA generation for 2019, whichaligns with management's expectations.

Favorable Industry Dynamics: Ball derives the majority of itsrevenues from beverage cans, which Fitch views as the mostattractive substrate within the packaging industry. Fitch expectsdemand for beverage cans to continue growing by low-single digitsannually, given continued substitution to metal from glass andplastic for beverage packaging globally. Growth in specialty cansand emerging markets further support Fitch's expectations ofsustainable modest volume growth.

Solid Aerospace and Aerosol Businesses: While relatively smaller,the aerospace and aerosol businesses add positive diversificationto Ball's business mix. Fitch expects that solid performance in theaerospace segment, which represents nearly 10% of Ball's revenues,will continue over the medium term supported by a growing backlogof contracts. Product innovation, economies of scale and geographicreach should support solid growth in the aerosol business. Fitchexpects the food can business to be a modest contributor to EBITDAgeneration over the medium-term, as secular trends in the foodindustry and overcapacity pressure both volumes and prices.

Increased Use of Receivables Factoring: Fitch expects Ball tocontinue using of factoring receivables to manage its workingcapital needs. Fitch views the practice of receivables factoring asa form of debt, notwithstanding the accounting treatment. Factoringreceivables creates a gap between Ball's financial policycommitment of net leverage of 3.0x-3.5x to Fitch-calculatedfinancial leverage (gross debt with equity credit / EBITDA). Ball'sfinancial policy translates to about 3.5x-4.0x on a Fitch'scalculated basis (inclusive of a small adjustment for cashbalances). This is consistent with Fitch's expectations for a 'BB+'rated issuer with a strong business profile, but material expansionof the factoring program could cause credit pressure.

Recovery Ratings: Per Fitch's criteria, the ratings assigned to anissuer's debt instruments assume average recoveries by type ofinstruments in the event of bankruptcy for corporate entities ratedin the 'BB' category. Fitch believes the stock pledge andguarantees indicate a superior recovery prospect for the securedcredit facilities and assigns a 'RR1' Recovery Rating to thesefacilities. The senior unsecured instruments are assigned 'RR4'Recovery Ratings, corresponding to 31%-50% recovery range.

DERIVATION SUMMARY

Ball's higher IDR of 'BB+' compared with packaging peers BerryGlobal, Inc. (IDCO of 'b+*'), Crown Holdings, Inc. (IDCO of 'bb*')and Reynolds Group Holdings Ltd (IDCO of 'b*') reflects both itsstronger business profile and a more conservative financial policy.Ball is the world's largest beverage can manufacturer with about30% market share and about 80% of its revenues come from thebeverage can industry. Beverage cans are one of the most attractivesegments within the packaging industry, in Fitch's view, given thelow-single digits volume growth in the product category, productmix shift towards higher-value specialty cans, and prevalent use ofcommodity price pass-thru clauses in contracts.

In light of the acquisitive business strategy employed by manyindustry participants, Fitch puts significant weight onmanagements' stated financial policy and track record of deliveringon their deleveraging commitments in assessing financial profilesin the packaging sector. Ball's targeted net leverage of 3.0x-3.5xis at the lower-end of the range for its peer group. Crownsimilarly targets 3.0x-3.5x while Berry aims for 4.0x and Reynoldfor 4.5x.

Satisfactory Liquidity: Ball's liquidity position is supported bybalance sheet cash, ample availability under its credit agreement,significant free cash flow generation, as well as a moderatedividend policy and mandatory debt repayment schedule. At Sept. 30,2017, Ball's had $556 million of cash on hand as well asapproximately $1.2 billion available under its $1.5 billionmulti-currency revolving credit facility (maturity in March 2021).In addition to its revolving credit facility, Ball maintainsavailability from several regional committed and uncommittedaccounts receivable factoring programs. The company also hasuncommitted, unsecured credit facilities, which Fitch views as aweaker form of liquidity. Ball had approximately $936 million ofuncommitted lines available, of which $374 million was outstandingand due on demand at the end of the third quarter 2017.

Debt maturities in 2018 and 2019 are modest, at $105 million and$210 million respectively. Fitch expects Ball to proactivelyrefinance its $1.5 billion (USD 1 billion and EUR 400 million) ofnotes due in December 2020 as these maturities near.

All obligations under the guarantees of the senior creditfacilities are secured by a first priority perfected secured pledgeon 100% of the capital stock of Ball's material wholly owneddomestic subsidiaries and 65% of the capital stock of Ball'smaterial wholly owned first-tier foreign subsidiaries. In addition,the obligations of the Euro term loan A are secured by a firstpriority perfected secured pledge on 100% of the capital stock ofBall's material wholly owned foreign subsidiaries and materialwholly-owned U.S. domiciled foreign subsidiaries or any of itswholly-owned material domestic subsidiaries.

BEAR METAL WELDING: Court Signs 5th Interim Cash Collateral Order-----------------------------------------------------------------The Hon. Deborah L. Thorne of the U.S. Bankruptcy Court for theNorthern District of Illinois granted Bear Metal Welding &Fabrication, Inc. interim authority to continue using cashcollateral through the earlier of March 30, 2018, or the so-calledTermination Date, subject to and solely in accordance with theexpress terms and conditions of the Fifth Interim Cash CollateralOrder.

The hearing to consider entry of a final order or a further interimorder on the Cash Collateral Motion will take place on March 27,2018 at 10:00 a.m.

The Debtor may use the cash collateral only in accordance with theBudget. The approved Budget provides total expenses ofapproximately $ 15,667 for the month of February 2018 and $ 17,167for the month of March 2018.

The Debtor stipulated and represented to the Court that QCBProperties, LLC, the U.S. Department of Treasury-Internal RevenueService, the Illinois Department of Revenue, and the IllinoisDepartment of Employment Security had perfected liens upon theDebtor's property as of the Petition Date pursuant to themortgages, and statutory tax or revenue liens. The Debtor furtherstipulated that the Prepetition Liens have attached to all orsubstantially all of its real property and personal property.

The Secured Parties will receive (i) a replacement lien in thePrepetition Collateral and in the post-petition property of theDebtor of the same nature and to the same extent and in the samepriority as each Secured Party had in the Prepetition Collateral,and to the extent such liens and security interests extend toproperty pursuant to Section 552(b) of the Bankruptcy Code, and(ii) an additional continuing valid, binding, enforceable,non-avoidable, and automatically perfected postpetition securityinterest in and lien on all cash or cash equivalents, whether nowowned or in existence on the Petition Date or thereafter acquiredor existing and wherever located, of the Debtor.

The Debtor will maintain in full force and effect and pay anypremiums that become due during the term of the Fourth InterimOrder for property and casualty insurance on all of its assets.

Dean Mormino has been Bear Metal's principal officer at all timessince the Company began business operations in 1997. Mr. Morminohas been the sole shareholder, director and the president since2012 when his marriage to Melisa Mormino was dissolved. Prior tothe dissolution of their marriage, Melisa Mormino was a shareholderof Bear Metal.

Bear Metal filed for Chapter 11 bankruptcy protection (Bankr. N.D.Ill. Case No. 17-24246) on Aug. 14, 2017, estimating up to $50,000in assets and between $500,001 and $1 million in liabilities. Thepetition was signed by Mr. Mormino.

BEAULIEU GROUP: Has Final Approval to Access Cash Collateral------------------------------------------------------------Judge Mary Grace Diehl of the U.S. Bankruptcy Court for theNorthern District of Georgia has signed a final order authorizingand directing Beaulieu Group, LLC, and its affiliates to:

(a) Maintain the escrow in the amount of $1,000,000established pursuant to the Interim Order to be used to satisfy anyadditional amount of the CT Lender Claim that might ultimately beallowed by the Court, with any excess to be promptly returned tothe Debtors' estates; and

(b) Increase the escrow in the amount of $4,000,000established pursuant to the Interim Order by $1,000,000 for a totalof $5,000,000, to be used to satisfy any additional amount of theCygnets Claim that might ultimately be allowed by the Court, withany excess to be promptly returned to the Debtors' estates.

The Debtors are further authorized to use their remaining cash,including any cash that might constitute cash collateral ofCygnets, CT Lender or any other entity, to pay ordinarypost-petition expenses of the Debtors (including, but not limitedto, health care costs, accounts payable, workers compensationclaims and professional fees) as they come due, or such otherobligations as are authorized by the Court.

Founded in 1978 by Carl M. Bouckaert and Mieke D. Hanssens,Beaulieu Group LLC -- http://www.beaulieuflooring.com/-- is a privately owned American company that manufactures and distributeshigh-end quality products in carpet, engineered hardwood, laminateand luxury vinyl. Beaulieu Group has 2,500 full- and part-timehourly and salaried employees.

Beaulieu Group, LLC, along with the two other affiliates, filedvoluntary petitions seeking relief under the provisions of Chapter11 of the United States Bankruptcy Code (Bankr. N.D. Ga. Lead CaseNo. 17-41677) on July 16, 2017. The cases are pending before theHonorable Judge Mary Grace Diehl. The cases are jointlyadministered.

Scroggins & Williamson, P.C., is the Debtors' bankruptcy counsel.McGuireWoods is the special corporate counsel and Armory StrategicPartners is the restructuring advisor. American Legal ClaimServices, LLC, is the claims and noticing agent.

No trustee or examiner has been appointed in this case. No requesthas been made for the appointment of a trustee or examiner.

An Official Committee of Unsecured Creditors was appointed on July21, 2017. The Committee retained Thompson Hine LLP as counsel; FoxRothschild LLP as co-counsel; and Phoenix Management Services LLCas financial advisor.

BLACK IRON: Sooner Machinery Buying Equipment for $3.1 Million--------------------------------------------------------------Black Iron, LLC, asks the U.S. Bankruptcy Court for the District ofUtah to authorize the sale of equipment which includes primarily arotary dryer for $3 million; a Trio sand screw (i.e., fine materialwasher) or $15,000, and various ELBO pieces for $50,000, to SoonerMachinery & Equipment Buyers, subject to higher and better offers.

In January 2016, the Debtor had an appraisal done by AM King of itsequipment assets ("Personal Property Assets"). That appraisal, forexample, valued the rotary dryer at $100,000 (orderly sales value)and $35,000 (dealer price for inventory), which piece of equipmentwas originally purchased by CML Metals, the prior mine owner, at$676,919. The allocated purchase price for the rotary dryer underthe Agreement is $3 million.

AM King estimated a needed market exposure time for the PersonalProperty Assets of about six to twelve months. From early 2016through November 2016, AM King was marketing the Personal PropertyAssets for sale, with particular emphasis on certain pieces,including the rotary dryer, and trying to find potential buyers. In November 2016, AM King reported to the Debtor by letter that ithad not been successful in finding interested buyers but wouldcontinue to market the Personal Property Assets and identifypotential customers.

The current offer for which approval is sought by the Debtor in theMotion represents the highest and best offer received to date. Nocomparable or back up offers have been received.

The Equipment proposed to be sold is non-essential property thatwill not be needed or used when the Debtor resumes miningoperations. It is not subject to any liens or encumbrances ofwhich the Debtor is aware. The Debtor's counsel undertook a UCCsearch with the Utah Department of Corporations on Jan. 31, 2018,and confirmed there are no current UCC filings against the Debtor.

At this time, because of pending litigation and related issuesidentified in the First Day Declaration, the Debtor is notoperating the mine. The Debtor has looked for and successfullylanded alternate sources of revenue while the mine is inoperable,including an arrangement to lease water. The Debtor has determinedthat sale of the Equipment will maximize value and provide theDebtor an additional source of revenue while it continues itsrestructuring efforts.

The Debtor has agreed to sell, and the Buyer has agreed topurchase, subject to Court approval, the Equipment listed in theAgreement, for a cash purchase price of $3,065,000. The sale ofthe Equipment includes no warranties and is "as is," and free andclear of any and all liens, claims, interests, and encumbrances.

The Buyer is an independent third-party that buys and sellsequipment nationwide. The Debtor understands the Buyer is alsoentering into a contemporaneous but separation transaction with anentity called Crusher Rental & Sales ("CRS") to purchase someadditional equipment from CRS. CRS is owned by Gilbert DevelopmentCorp., the principal and owner of which is Steve Gilbert, themanaging member of the Debtor. CRS has experience and expertise indeinstalling and transporting equipment.

Under the terms of the Agreement, the Debtor will give 10% of theGross Purchase Price ($306,500) to CRS for the disassembly,removal, and transport of the equipment. CRS has the necessaryequipment, including a crane, to transport the Equipment. TheDebtor will, therefore, net from the sale approximately $2,758,500. The 10% arrangement was agreed to and negotiated between Mr. LangeFay, the president of CRS, and Steve Gilbert, principal of theDebtor, to facilitate the sale of the Equipment.

A copy of the Contract and the list of Equipment to be soldattached to the Motion is available for free at:

Black Iron, LLC, sought protection under Chapter 11 of theBankruptcy Code (Bankr. D. Utah Case No. 17-24816) on June 1, 2017. In the petition signed by Steve L. Gilbert, its manager, theDebtor estimated its assets and debts at $1 million to $10million.

Judge William T. Thurman presides over the case.

The Debtor hired Adelaide Maudsley, Esq., and Ralph R. Mabey, Esq.,at Kirton McConkie P.C. as bankruptcy counsel. The Debtor tappedGary Thorup, Esq., at Durham Jones to serve as its speciallitigation counsel; WSRP, LLC, as its accountant; and AlysenTarrant as its environmental consultant.

The principal methodology used in these ratings was Retail Industrypublished in October 2015.

CENVEO INC: Bankruptcy Filing Triggers Nasdaq Delisting Notice--------------------------------------------------------------Cenveo, Inc. received a letter from the Listing QualificationsDepartment of The NASDAQ Stock Market LLC on Feb. 2, 2018,notifying the Company that as a result of the Chapter 11 cases, andin accordance with NASDAQ Listing Rules 5101, 5110(b) andIM-5101-1, NASDAQ has determined that the Company's Common Stock,par value $0.01 per share, will be delisted from NASDAQ. Accordingly, unless the Company requests an appeal of thisdetermination, trading of the Common Stock will be suspended at theopening of business on Feb. 13, 2018, and a Form 25-NSE will befiled with the Securities and Exchange Commission, which willremove the Common Stock from listing and registration on NASDAQ.

The Company is contemplating its decision to appeal NASDAQ'sdetermination. If the Company does not appeal the staff'sdetermination, the Company expects that its units will be eligibleto be quoted on the OTC Pink operated by the OTC Markets Group Inc. To be quoted on the OTC Pink, a market maker must sponsor thesecurity and comply with SEC Rule 15c2-11 before it can initiate aquote in a specific security. The OTC Pink is a significantly morelimited market than NASDAQ, and the quotation of the Common Stockon the OTC Pink may result in a less liquid market available forexisting and potential stockholders and could further depress thetrading price of the Common Stock. There can be no assurance thatany public market for the Common Stock will exist in the future orthat the Company or its successor will be able to relist the CommonStock on a national securities exchange.

About Cenveo

Cenveo, Inc. -- http://www.cenveo.com-- is a diversified manufacturing company focused on print-related products. Foundedin 1919, Cenveo's portfolio of products includes printed labels,print magazine and book solutions, mailing solutions and creativeservices, and inventory and warehouse management software. Cenveoserves its global customer base from its corporate headquarters inStamford, Connecticut, its production facilities in approximately20 states, and its content business in India.

Cenveo and 35 of its affiliates filed voluntary petitions underChapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court forthe Southern District of New York (Bankr. S.D.N.Y. Lead Case No.18-22178) on Feb. 2, 2018.

In the petitions signed by Ian R. Scheinmann, general counsel andsecretary, the Debtors listed total assets of $789.5 million andtotal debt of $1.426 billion as of Dec. 31, 2017.

CES ENERGY: DBRS Confirms B Issuer Rating, Trend Changed to Pos.----------------------------------------------------------------DBRS Limited confirmed in December 2017 the Issuer Rating and theSenior Unsecured Notes (the Notes) rating of CES Energy SolutionsCorp. (CES or the Company) at B and changed the trends to Positivefrom Stable. The recovery rating for the Notes remains unchanged atRR4. The rating confirmation is underpinned by the Company's strongmarket position in Canada and its growing market position in theUnited States, especially in the Permian Basin; growth of theCompany's production and specialty chemical (PSC) segment in boththe United States and Canada; and a rebound in industry activitylevels. The positive outlook acknowledges the improvement in theCompany's key credit metrics and reflects DBRS's view that, basedon the assumption of a modest increase in oil prices, the Company'skey credit metrics should continue to improve in 2018.

In 2017, driven by higher oil prices, the Company has seen amaterial improvement in activity levels, especially at its drillingand completion fluids (DF) business. The Company has also benefitedfrom a full-year contribution of the PSC assets of CatalystOilfield Services, LLC (Catalyst) that was acquired in August 2016.Organic growth, coupled with the Catalyst acquisition, has allowedthe Company to increase its market share across all businesssegments through the downturn. The Company has a sizeable andgrowing footprint in the Permian Basin, which has seen an increasein production through the downturn and continues to drive activity,accounting for 50% of active drilling rigs in the United States.Although the pricing environment for the Company's product andservices continues to remain relatively weak, the increase in salesvolumes, along with a rationalized cost structure, has resulted ina significant improvement in earnings. EBITDA for the nine monthsended September 30, 2017, increased by 403% compared to thecorresponding previous period. As a result, the Company'slease-adjusted debt-to-cash flow and lease-adjusted EBIT interestcoverage ratios for the last twelve months (LTM) ended September30, 2017, reversed to the B rating range after being outside therange at the time of the last rating confirmation.

CES's liquidity profile continues to be adequate, with $74 millionavailable under its $165 million revolving credit facility (theCredit Facility) at September 30, 3017. The Credit Facility hasbeen primarily utilized to fund a buildup in working capital as aresult of higher activity levels in the current year. In October2017, the Company refinanced its existing Notes maturing in 2020with new Notes maturing in 2024. The refinancing has improved theCompany's debt maturity profile and also reduced CES's interestexpense since the interest rate on the new Notes is lower. CEScontinues to benefit from a low-maintenance capital expenditure(capex) requirement. CES's growth capex program is flexible and canbe scaled up or down depending on the prevailing operatingenvironment.

CES's financial performance is correlated to drilling activity,which in turn is driven by oil and gas (O&G) prices. However, DBRSnotes that the Company's improved market position, strongerpresence in the Permian Basin and rationalized cost structure hasenabled the Company to better withstand a lower O&G priceenvironment. DBRS will likely consider a rating upgrade over thenext 12 months if the improvement in key credit metrics issustained and industry activity levels continue to remainsupportive. Conversely, if the Company's key credit metricsdeteriorate materially due to a significant decline in drillingactivity as a result of lower O&G prices, DBRS may consider anegative rating action.

Notes:All figures are in Canadian dollars unless otherwise noted.

CHARLOTTE RUSSE: S&P Cuts CCR to 'SD' & 1st Lien Debt Rating to 'D'-------------------------------------------------------------------U.S. specialty retailer Charlotte Russe Inc. announced that it hasclosed its previously announced restructuring support transactionwith 100% of its term loan debt holders to reduce the outstandingterm loan debt to approximately $90 million from $214 million, andgive supporting term lenders 100% of the equity in Charlotte Russe,subject to some dilution from the newly formed management equityincentive plan.

S&P said, "At the same time, we also lowered the issue-level ratingon the first-lien term loan to 'D' from 'CC'. Our '4' recoveryrating on the term loan remains unchanged and reflects ourexpectation for average (30% to 50%; rounded estimate: 30%)recovery in the event of default."

The downgrade follows the company's completed restructuringtransaction of its first-lien term loan. Pursuant to the agreement,the outstanding $214 million term loan was exchanged for a new $90million term loan, and the maturity date was extended to February2023. In exchange, the term loan lenders received 100% of theequity of Charlotte Russe, subject to some dilution from the newlyformed management equity incentive plan. The restructuring wassubject to the company meeting several conditions set forth in arestructuring support agreement. Most notably, the company wasrequired to obtain a threshold amount of annualized operationalsavings, and the commitment of 100% of the term lenders toparticipate in the out-of-court restructuring.

CM EBAR: Feb. 6 Plan Confirmation Hearing Set---------------------------------------------The U.S. Bankruptcy Court for the District of Nevada conditionallyapproved the disclosure statement explaining CM Ebar, LLC's plan ofreorganization and will hold a hearing on Feb. 6, 2018, at 9:30A.M., to consider approval of the Disclosure Statement on a finalbasis and confirmation of the Plan.

The Court's conditional approval of the Disclosure Statement wasbased on the representations of counsel on the record during thehearing that in addition to the terms of the settlement set forthin the Disclosure Statement and the Plan between SBR, LLC, theDebtor and the Official Unsecured Creditors Committee, SBR agreedto increase the carve-out, as set forth in the Debtor's cashcollateral stipulation and order, for the fees and costs of OUCC'sprofessionals from $50,000 to $75,000.

The Debtor's exclusivity period to file a plan and seek acceptancesis terminated.

Class 5 under the plan consists of the allowed general unsecuredclaims. The Debtor estimates that the amount of the generalunsecured claims totals approximately $5,600,000. The Debtorproposes to pay Allowed General Unsecured Claims in Class 5 fromthe proceeds of the sale of the Debtor's Restaurant Assets, afterpayment of Allowed claims in Classes 1 through 4, and alladministrative and priority claims. It is likely that there willnot be any sale proceeds to be distributed to Allowed GeneralUnsecured Claims. The Debtor does not anticipate there will be anydistributions to unsecured creditors.

CM Ebar, LLC, is a casual-dining operator with various locations inNevada, California, and New Mexico. Its principal place ofbusiness is located at 2270 Village Walk Drive, in Henderson,Nevada. It is the owner of 7 operating restaurants that go by the trade name of Elephant Bar Restaurant, operating in Nevada, NewMexico, and California.

CM Ebar, LLC, sought protection under Chapter 11 of the BankruptcyCode (Bankr. D. Nev. Case No. 17-15530) on Oct. 17, 2017. In thepetition signed by manager Barry L. Kasoff, the Debtor estimatedassets of $1 million to $10 million and estimated liabilities of$10 million to $50 million.

The review for upgrade results from Moody's expectation that thetransaction, if consummated, will improve the operational diversityof the company as Coronado will extend its production base toAustralia while maintaining its credit metrics at conservativelevels. Curragh is one of the world's largest metallurgical coalmines, with production of 8.5 million tonnes per annum (mtpa) ofexport metallurgical coal and 3.5 mtpa of thermal coal which issold to the Queensland Government's Stanwell Corporation. Thetransaction would more than double Coronado's annual productionvolumes, improve customer concentration, reduce average costs, andbetter position the company to serve the growing Asian marketsalong with its current customer base in the US and Europe.

The transaction is still subject to approval from Australia'sForeign Investment Review Board.

The extent of upward movement in the ratings, if any, will dependon Moody's review of the proposed transaction, including expectedperformance of the combined company, any projected synergies, aswell as capital structure post closing.

The principal methodology used in these ratings was Global MiningIndustry published in August 2014.

Headquartered in Beckley, West Virginia, Coronado Group LLC(Coronado) operates seven active mines within three main miningcomplexes, which consist of one longwall mine and two continuousmines in the Central Appalachian region. The company produces andexports metallurgical ("met") coal for a customer base of blastfurnace steel producers. For the twelve months ended September 30,2017, the company generated $772 million in revenues.

The CreditWatch placement follows Coronado Group signing anagreement to acquire the Curragh coal mine in Queensland,Australia, from Wesfarmers Ltd. for $475 million (A$700 million).The Curragh mine supports baseline production of 8.5 million tonnesper annum (mtpa) of export metallurgical coal and 3.5 mtpa of steamcoal, which is sold to the Queensland Government's StanwellCorporation.

S&P said, "We expect to resolve the CreditWatch within 90 days,after we assess the impact of this transaction on Coronado Group'scredit quality. This will include reviewing Coronado's competitiveposition, the impact of the acquisition on the company's operatingscale, overall mine diversity, and profitability. We will alsoconsider financial factors, such as pro forma credit measures andany changes to the capital structure. The placement indicates thatwe could affirm, lower or raise the ratings after we review thetransaction.

"We could raise our corporate credit rating on the company if weexpect Coronado will meaningfully increase its production andEBITDA while maintaining margins above 25%.

"We could affirm the corporate credit rating on Coronado if thetransaction does not successfully close, or if we anticipate thecompany's profitability measures will deteriorate or if we expectthe volatility of cash flows to increase substantially.

"We could lower the corporate credit rating on Coronado if, as aresult of the acquisition, we view the company to be vulnerable anddependent upon favorable business, financial, and economicconditions to meet its financial commitments. This could happen ifwe expect a decline in met coal prices, and the company assumessizable long term liabilities, such that we believe interestcoverage will approach 1x."

CREW ENERGY: DBRS Confirms B Issuer Rating, Trend Stable--------------------------------------------------------DBRS Limited confirmed the Issuer Rating and Senior Unsecured Notes(the Notes) rating of Crew Energy Inc. (Crew or the Company) at Band with Stable trends. The recovery rating for the Notes remainsunchanged at RR4. The rating is underpinned by the Company'sbusiness profile that is consistent with a B rating. The Company'sprimary focus is developing liquids-rich natural gas from theMontney formation in Northeastern British Columbia (NEBC).Following dispositions in 2014 and 2015, the Company's averagedaily production increased 23% in 2016 to 23 thousand barrels ofoil equivalent per day (mboe/d) and is expected, based on Companyguidance, to rise slightly in 2017 to average 23 mboe/d to 24mboe/d and to grow further in 2018. The Company's current size iswithin the B range. The Company also has a significant inventory ofdrilling locations that can add production with additionaldevelopment of the Montney. The Company's capital and operationalflexibility supports the rating as it operates the majority of itsproduction and owns and operates the related gas processingfacilities. However, the Company's heavy concentration of reservesand production in NEBC and higher weighting of production towardlower valued natural gas (74% on a boe basis for the year to dateSeptember 30, 2017) are a constraint. The Company's key financialmetrics, notably the lease-adjusted debt/cash flow ratio of 3.04times for the last 12 months ended September 30, 2017, areconsistent with the B rating range. DBRS notes that the Company'skey financial metrics should improve further with additionalproduction growth and higher anticipated prices for liquidsproduction.

Crew's liquidity is adequate and supported by a $235 millionborrowing base credit facility. As at September 30, 2017, $31.7million was drawn on the facility and $8.2 million in letters ofcredit were backed by the facility. The Company recently finished asemi-annual review with no change to the borrowing base. Thefacility revolves for a 364-day period and will be subject to thenext 364-day extension by June 6, 2018. Earlier this year, theCompany issued $300 million of new Notes due 2024. The proceedswere used to redeem $150 million of Notes due in 2020 and to reducedebt drawn on the credit facility thus enhancing the Company'sliquidity profile.

DBRS notes that based on a capital spending program of $235 millionfor 2017 ($202 million spent to date) the Company is expected toincur a free cash flow deficit (cash flow after capital spending)for the year in excess of $100 million. The projected deficit isexpected to be funded by the issue of the 2024 notes and $49million of asset sales which were completed earlier this year. DBRSanticipates the Company to use its capital expenditure flexibilityin 2018 to mitigate additional sizable free cash flow deficits topreserve liquidity and maintain the Company's key credit metricscommensurate with the rating. However, the Company's cash flow isvery sensitive to natural gas price changes and, to a lesserdegree, changes in the price of crude oil and natural gas liquids.Should the price of West Texas Intermediate (WTI) weaken materiallyto USD 40 per barrel or less and the Company realizes a price onaverage for its natural gas sales volumes of $2/mcf or less for anextended period of time, DBRS may consider a negative ratingaction.

In order to close the sale, the Buyers will also make a cashcontribution into escrow in an amount equal to the sale expensesand expense reimbursement to the estate as estimated in Exhibit Dto the Motion, and in accordance with the terms and conditions thatare set forth in the Purchase Agreement which is attached to theMotion.

The Trustee is authorized to pay the claims at closing of thesale.

The sale is free and clear of the liens, claims or interests of theobligation referenced by and the deed of trust recorded as Book20141202 Page 0633 with the Sacramento County Recorder, in favor ofMamnohan S. Passi & Sanjeet Passi Co-Trustees of the Passi FamilyTrust dated Dec. 11, 1995, and/or Passi Realty LLC, as beneficiary. The Sale Asset will be sold, transferred, and delivered to Buyeron an "as is, where is" or "with all faults" basis.

The Trustee, and any escrow agent upon the Trustee's writteninstruction, will be authorized to make such disbursements on orafter the closing of the sale as are required by the purchaseagreement or order of the Court, including, but not limited to, (a)the closing costs identified in Exhibits B and D to the ExhibitList submitted with the Motion, including broker commissions, and(b) the estate expense reimbursement described in Exhibit D to theMotion.

The Order will be effective immediately upon entry. No automaticstay of execution, pursuant to Rule 62(a) of the Federal Rules ofCivil Procedure, or Bankruptcy Rules 6004(h) or 6006(d), applieswith respect to the Order.

Daryl Gannon is approved as the Back-Up Bidder for Unit 109C, inthe amount of $75,000, and the Trustee may close the sale of theunit to the Back-Up Bidder on the same terms as addressed herein,if the Buyer does not close on the sale of this unit, withoutfurther order of the Court.

In exchange for the right to credit bid and the Trustee's supportof the credit bid described in, effective as of the closing of, andwhen Buyer takes title to, the Sale Assets, the Buyers will nolonger have any claim against in the above-referenced bankruptcycase or against the bankruptcy estate, and the sale of the SaleAssets will constitute full satisfaction of the Buyers' claim inthe case.

Passi Realty will retain any liens or deeds of trust on propertyother than the Sale Assets and any deficiency claim that it mayhave against the Debtor.

Bradley Sharp was appointed as Chapter 11 Trustee for the estate ofCS360 Towers, LLC pursuant to order of the court dated March 15,2017. The assets of the estate include condominium units (bothresidential and commercial) in the building located at 500 NStreet, Sacramento, California, and various claims and causes ofaction.

DAILY GAZETTE: Wants to Obtain $400K Loan, Use Cash Collateral--------------------------------------------------------------Daily Gazette Company and its affiliated debtors ask the U.S.Bankruptcy Court for the Southern District of West Virginia forauthorization to obtain post-petition financing from United Bankand to use the cash collateral of United Bank in the ordinarycourse of its business.

The Debtors ordinary business activities require cash on hand andcash flow from operations to fund and operate their business. TheDebtors also require access to additional liquidity to fund theirChapter 11 Cases while working toward a successful sale ofsubstantially all of their assets. Absent use of cash collateraland access to post-petition financing, the Debtors may not be ableto continue operating in the ordinary course and the saletransaction contemplated to maximize the value of the Debtors'assets and business may be jeopardized. Accordingly, it isimperative that the Debtors have sufficient liquidity to avoidimminent and irreparable harm and successfully close the saletransaction.

Among the material terms of the Debtor-In-Possession Financing, areas follows:

(1) The Debtors request authorization to obtain postpetitionfinancing described in the DIP Loan Agreement and Interim Order upto the aggregate principal amount of $400,000 from United Bank.

(2) The principal advances under the DIP Loan will bearinterest at the rate of 6.73% per annum (Fixed Rate), and thedefault rate of interest will be 2.00% in excess of the FixedRate.

(3) The Maturity Date of the DIP Loan will be March 31, 2018.

(4) Obligations incurred by the Debtors under the DIP LoanAgreement will have priority, pursuant to section 364(c)(1) of theBankruptcy Code, over any and all administrative expenses of thekind specified in sections 503(b) or 507(b) of the Bankruptcy Code,subject to the Carve-Out (which carve-out pertains to the Debtors'professionals' fees and fees owed to the Office of the U.S.Trustee).

(5) Obligations incurred by the Debtors under the DIP LoanAgreement will be secured by perfected first priority securityinterests in and liens upon all Real Property (excluding the TuckerCounty Real Estate) and personal property of the Debtors, and anyother real or personal property as to which United Bank, at anytime of determination, has a Lien to secure the Obligations.

(6) To the extent Advances have been made pursuant to the DIPLoan Agreement and the principal balance of the DIP Loan is greaterthan $0.00, United Bank will be entitled to automatically sweep theDebtors' Operating Account -- provided that the balance in suchaccount does not drop below $50,000 -- until the principal balanceof the DIP Loan is $0.00.

The United Bank is the only entity of which the Debtors are awarethat has an interest in cash collateral. The Debtor claims that itis critical that they are able to utilize cash collateral to fundtheir ordinary business operations and preserve and maximize thevalue of their business. The Debtors' use of cash collateral willbe subject to compliance with the Budget.

The Debtors will be permitted to use Cash Collateral until theearlier of: (a) a default under the Interim Order; (b) the MaturityDate stated in the DIP Loan Agreement, i.e., March 31, 2018; and(c) further order of the Bankruptcy Court.

The Debtors will provide adequate protection to United Bank in theform of continuing liens and security interests in allPost-Petition Collateral to the same extent, type and priority asUnited Bank has in the Pre-Petition Collateral, subordinate only tothe liens granted to United Bank under the DIP Loan Agreement.

Daily Gazette Company and certain of its affiliates sought forbankruptcy protection under Chapter 11 (Bankr. S.D. W.Va. Case No.18-20028) on Jan. 30, 2018. In the petition signed by Norman W.Shumate III, authorized signatory, Daily Gazette Company estimatedassets of $1 million to $10 million and liabilities of $10 millionto $50 million

DEBORAH & DANIELLE: Seeks Interim Use of Cash Collateral--------------------------------------------------------Deborah & Danielle Inc. asks the U.S. Bankruptcy Court for theNorthern District of Texas for authority of its interim use of cashcollateral to continue its ongoing operations.

The Debtor has an immediate need to use the cash collateral of Bankof Hope -- the Debtor's secured creditor claiming liens on Debtor'spersonal property including accounts. The Debtor claims that it hasno outside sources of funding available to it and must rely on theuse of cash collateral to continue its operations.

The Debtor's proposed One-Month Budget provides total expenses ofapproximately $28,999. It permits the payment of ongoing operatingexpenses of the Debtor in order to allow the Debtor to maintain itsoperations in Chapter 11.

The Debtor can adequately protect the interests of Bank of Hope asset forth in the proposed Interim Order for Use of Cash Collateralby providing Bank of Hope with post-petition liens, a priorityclaim in the Chapter 11 bankruptcy case, and cash flow payments.

The Debtor intends to rearrange its affairs and needs to continueto operate in order to pay its ongoing expenses, generateadditional income and to propose a plan in this case.

Deborah & Danielle Inc. sought protection under Chapter 11 of theBankruptcy Code (Bankr. N.D. Texas Case No. 18-30169) on Jan. 15,2018. In the petition signed by John H. Park, president, theDebtor estimated total assets of less than $100,000 and liabilitiesof less than $500,000. Judge Stacey G. Jernigan presides over thecase.

DEX SERVICES: Proposes March 21 Auction of Equipment----------------------------------------------------DEX Services, LLC, asks the U.S. Bankruptcy Court for the NorthernDistrict of Texas to authorize the sale of equipment at a publicauction to be conducted by Terra Point, LLC on March 21, 2018 inConroe, Texas.

For use in its oilfield services business, the Debtor owns varioustrucks, trailers, equipment, machinery, and parts used at variousoil and gas wells the Debtor services.

On Oct. 3, 2017, the Debtor filed its Emergency Motion/or InterimUse of Cash Collateral and I0 Set Final Hearing on Use of CashCollateral ("CC Motion"). Since filing the CC Motion, the Debtorhas been able to negotiate the continued interim use of cashcollateral, with the Debtor currently operating under thenegotiated Fourth Agreed Order Granting Interim Use of CashCollateral and Setting Final Hearing on Use of Cash Collateral.

As part of the agreement reached with InterBank of Canadian, Texas,the Debtor has agreed to file a motion for authority to sell assetsof the estate and to hire an auctioneer. The agreement reachedwith InterBank requires that the motion to sell be filed by Jan.31, 2018 and the auction be concluded by April 1, 2018.

On the Debtor's Schedules tiled with the Court on Oct. 13, 2017,the Debtor listed several categories of equipment, machinery,trucks, and trailers. The Debtor intends to sell 16 vehicles onthe Vehicle List, eight generator trailers on the Generator TrailerList, 19 trailers on the Trailer List, three steamer trailers fromthe Steamer Trailer List, eight trash trailers from the TrashTrailer List, six light towers from the Light Tower List, and 13pieces of equipment from the Equipment List free and clear of allliens at a public auction to be conducted by Terra Point, LLC onMarch 21, 2018 in Conroe, Texas.

In the event not all of the Equipment sells at the March 21stauction or the Debtor, upon consultation with Terra Point andInterBank, determines some of the Equipment would generate a higherreturn in the April 11, 2018 auction, the Debtor will put theEquipment in the April 11, 2018 auction in Conroe, Texas.

Upon the sale of the Equipment, the Debtor will execute any and alldocuments necessary to effectuate the transfer of said Equipment.

InterBank and the Internal Revenue Service hold liens against theEquipment. The Debtor believes that InterBank holds a first lienagainst all titled Equipment, with the IRS holding a second lien. The Debtor believes the IRS holds a first lien against any untitledEquipment, with InterBank holding a second lien.

Pursuant to the provisions of 11 U .S.C. Section 363(t) as well asthe provisions of Bankruptcy Rule of Procedure 6004(0), the Debtordesires to sell the Equipment described in the Motion free andclear of any and all interest with the liens against such Equipmentto attach to the proceeds and to be distributed to the IRS andInterBank in accordance with the priority of their liens as may beestablished in any order of the Bankruptcy Court or upon agreementbetween InterBank and the IRS.

The Debtor believes that a need exists for shortened notice on theMotion, as, pursuant to the Fourth Agreed Order on Use of CashCollateral that the Debtor is currently operating under, the Debtoris to conduct the auction of its assets by April 1, 2018. Further,to properly market and sell the Equipment, Terra Point will need atleast 30 days prior to the March 21, 2018 auction date to marketthe Equipment.

The Debtor believes that the IRS and InterBank are the onlycreditors with an interest in the machinery and equipment beingsold. Because the IRS an InterBank agreed to the terms of theFourth Agreed Order on Use of Cash Collateral, and are aware of theterms and conditions agreed to with regard to the sale of theDebtor's Equipment, the Debtor will request by separate motionshortened notice on the Motion to eight days' notice for anycreditor or party in interest to object to the Motion to Sell.

About DEX Services

DEX Services, LLC, is a privately-held company in Canadian, Texas,operating under the "Other Professional, Scientific, and TechnicalServices" industry. Its principal business address is 10955Exhibition Lane Road, Canadian, Texas, 79014, Hempill County. DEXServices operates an oilfield services company, providingroustabout services to various customers, in and around Canadian,Texas. It owns three tracts of real property in Canadian, Texas onwhich the Debtor operates its oilfield services company. The realproperty is located at 10951, 10953, and 10955 Exhibition LaneRoad. The three tracts of land contain the Company's offices, yardto store equipment, trucks, trailers, and machinery, and multiplemobile homes.

DOLE FOOD: S&P Puts Ratings on on Watch Pos. on Total Produce Deal------------------------------------------------------------------S&P Global Ratings placed all of its ratings on Westlake Village,Calif.-based Dole Food Co. Inc., including the 'B-' corporatecredit rating, on CreditWatch with positive implications.

The CreditWatch placement follows Dole's recent announcement thatTotal Produce PLC (a publicly traded company on the London andIrish stock exchanges) will acquire a 45% stake from Dole's soleowner, David Murdock, for $300 million. Total Produce will have theoption to acquire an additional 6% controlling share at any pointfollowing the close of the transaction, and an option to acquirethe remaining 49% after two years.

SYP said, "We intend to resolve the CreditWatch placement if TotalProduce raises the requisite capital to purchase the 45% stake inDole, if the transaction closes with the current anticipated changein governance fully implemented, and if upcoming financialperformance disclosures prior to close continue to showstable-to-improving operational performance. Our review of thefinal implementation of the enhanced board and governancestructure, will verify that David Murdock does not have boardcontrol over the company's business and capital allocationstrategies. Because Dole's cash flows have been significantlycompromised over the past two years by litigation costs, penaltypayments, and product recall costs, an upgrade would also requirethat Dole at least maintain its run-rate operational performancewithout any material shortfalls and without incurring additionalunanticipated cash outflows such as dividends or litigation costsand penalties."

DOMINICA LLC: Taps Pioneer as Real Estate Appraiser---------------------------------------------------Dominica LLC seeks approval from the U.S. Bankruptcy Court for theDistrict of Massachusetts to hire a real estate appraiser.

The Debtor proposes to employ Pioneer Appraisals, Inc., to conductan appraisal of its real estate properties. The firm will be paida flat fee of $350 for an appraisal of each property.

Joshua Nicholson, a real estate appraiser and a partner at Pioneer,disclosed in a court filing that he is a "disinterested person" asdefined in section 101(14) of the Bankruptcy Code.

Dominica LLC owns and manages the three family house known andnumbered as 20 Sutton Street, Boston (Mattapan) Massachusetts. Dominica LLC filed a Chapter 11 petition (Bankr. D. Mass. Case No.16-13461) on Sept. 8, 2016. In the petition signed by EvangelineMartin, manager, the Debtor estimated assets and liabilities at$500,001 to $1 million at the time of the filing. Michael Van Dam,Esq., at Van Dam Law LLP, is the Debtor's bankruptcy counsel.

ENSEQUENCE INC: Proposes April 12 Auction for All Assets--------------------------------------------------------Ensequence, Inc., asks the U.S. Bankruptcy Court for the Districtof Delaware to authorize the bidding procedures in connection withthe sale of substantially all assets at auction.

The Debtor's primary assets include its over seventy networkcontracts, a patent portfolio of existing and provisional patents,and its employees and their key relationships throughout theindustry ("Assets"). The Debtor has, subject to the Court'sapproval, retained Wyse Advisors, LLC ("WALLC") to conductmarketing and sale process for substantially all of its assets.

To date, WALLC has contacted ten prospective non-strategicinvestors, two of whom have executed non-disclosure agreements andbeen provided with additional information regarding the Debtor. WALLC is in the process of contacting more than 50 potentialinvestors, the majority of which will be strategic investors. Given the size of the niche industry in which the Debtor operates,WALLC decided it was in the best interest of the Debtor to waituntil the Chapter 11 Case commenced before contacting strategicinvestors.

The Debtor does not own any real property. Until recently, theDebtor leased space in both Portland, Oregon and New York, NewYork. As part of the proposed sale process, the Debtor and WALLCwill engage in a robust marketing effort for the Debtor's Assets,contacting both financial and strategic investors regarding apotential sale process. WALLC will not place any conditions onpotentially interested parties regarding bid levels, structure,financing, or management in connection with the solicitation ofindications of interest.

All interested parties will be given an opportunity to execute aconfidentiality agreement. Those parties that execute aconfidentially agreement will be provided with substantial duediligence information concerning, and access to, the Debtor,including access to financial, operational, and other detailedinformation.

The Debtor believes a prompt sale of the Assets represents the bestoption available for all stakeholders in the Chapter 11 Case. Moreover, it is critical for the Debtor to execute on a saletransaction within the timeframe contemplated by the Debtor'sagreements with its prepetition lender. Specifically, the Debtorhas agreed to comply with certain milestones in exchange for thepermission to use cash collateral pursuant to its Cash CollateralMotion and the proposed Cash Collateral Order. It is alsoanticipated that the Debtor may require DIP financing that willcontain similar milestones.

By the Motion, the Debtor asks that the Court approves the generaltimeline. These dates are subject to change in the event that theCourt does not enter an interim order at the hearing on the CashCollateral Motion:

a. Contract Cure Objection Deadline: Objections to thepotential assumption and assignment of any Contract will be filedand served no later than 4:00 p.m. (ET) on April 10, 2018.

b. Bid Deadline: Bids for the Assets, including a marked-upform of the Stalking Horse Agreement, if one has been accepted bythe Debtor as contemplated by the Bid Procedures Order, as well asthe deposit and the other requirements for a bid to be considered aQualified Bid must be received by no later than April 10, 2018 at4:00 p.m. (ET).

c. Auction: The Auction, if necessary, will be held at theoffices of Polsinelli PC, 600 Third Avenue, New York, New York10016 on April 12, 2018 at 10:00 a.m. (ET), or such other locationas identified by the Debtor after notice to all Qualified Bidders.

d. Sale Objection Deadline: Objections to the Sale will befiled and served no later than April 10, 2018.

e. Sale Hearing: Subject to the Court's availability andschedule, the Sale Hearing will commence on April 17, 2018.

To optimally and expeditiously solicit, receive, and evaluate bidsin a fair and accessible manner, the Debtor has developed andproposed the Bid Procedures.

The salient terms of the Bidding Procedures are:

a. The Debtor will evaluate all Bids to determine whether suchBid(s) maximizes the value of the Debtor's estate as a whole. TheTransaction Documents will also identify any Contracts of theDebtor that the Bidder wishes to have assumed and assigned to it. It will consider proposals for less than substantially all of theDebtor's Assets or operations.

b. Good Faith Deposit: 10% of the proposed purchase price

c. Bid Deadline: April 10, 2018 at 4:00 p.m. (ET)

d. Credit Bid: The Debtor's prepetition lender, Myrian CapitalFund, LLC (Series C) will be deemed to be a Qualified Bidder and isnot required to make any Good Faith Deposit in submitting a CreditBid.

e. Cancelation of the Auction: If the Debtor does not receiveat least two Qualified Bids (other than a Credit Bid) or otherwisedetermines, after consultation with the Consultation Parties, notto proceed with the Sale, the Debtor may elect not to conduct theAuction and may cancel the Auction.

f. Bidding Increments and Overbid: At the Auction, the Debtorwill announce the leading Qualified Bid. The bidding on the Assetsbeyond the Auction Baseline Bid will be done in increments thatwill be determined by the Debtors after consultation with theConsultation Parties.

g. Auction: The Auction, if necessary, will take place onApril 12, 2018 at 10:00 a.m., at the offices of Debtor's counsel,Polsinelli PC, 600 Third Avenue, 42nd Floor, New York, New York.

h. Sale Hearing: April 17, 2017 at 10:00 a.m. (ET)

i. Sale Objection Deadline: April 10, 2018 no later than 4:00p.m. (ET)

A copy of the Bidding Procedures attached to the Motion isavailable for free at:

Within two business days after entry of the Bid Procedures Order,the Debtor will cause the Sale Notice to be served upon the NoticeParties. The Debtor is also asking approval of the AssumptionProcedures to facilitate the fair and orderly assumption andassignment of the Contracts in connection with the Sale. Pursuantto the Bid Procedures Order, the Cure and Possible Assumption andAssignment Notice and the Assumption Notice to be sent to theContract Counterparties.

As set forth, the Sale contemplates the potential assumption andassignment of the Contracts to the Successful Bidder arising fromthe Auction, if any. In connection with this process, the Debtorbelieves it is necessary to establish a process by which: (a) theDebtor and the Contract Counterparties can reconcile cureobligations, if any, in accordance with Bankruptcy Code sections105(a) and 365; and (b) such counterparties can object to thepotential Assumption Procedures. The Debtor is asking authority toassign the Assigned Contracts to the Successful Bidder to theextent required by such Successful Bidder.

Except as may otherwise be agreed to in the Successful Bid or bythe parties to an Assigned Contract, at the closing of the Sale,the Successful Bidder will cure those defaults under the AssignedContracts that need to be cured in accordance with Bankruptcy Codesection 365(b) by (a) payment of the undisputed cure amount and/or(b) reserving amounts with respect to any disputed cure amounts.

The Sale Order will provide that the Successful Bidder will nothave any successor liability related to the Seller or the Assets tothe maximum extent permitted by law. Extensive case lawestablishes that claims against a winning bidder may be directed tothe proceeds of a free and clear sale of property, and may notsubsequently be asserted against that buyer.

To maximize the value received from the Assets, and to ensurecompliance with the requirements of the Cash Collateral Order, theDebtor asks to close the Sale as soon as possible after the SaleHearing. Accordingly, the Debtor asks that the Court waives the14-day stay periods under Bankruptcy Rules 6004(h) and 6006(d).

Ensequence, Inc. is a privately-owned Delaware corporation engagedin the business of making advertisements on television. It wasformed in 2001 as a provider of tools for building interactivetelevision applications for television networks, advertisers anddistributors of network television.

Ensequence sought protection under Chapter 11 of the BankruptcyCode (Bankr. D. Del. Case No. 18-10182) on Jan. 30, 2018. In thepetition signed by CRO Michael Wyse, the Debtor estimated assets of$1 million to $10 million and liabilities of $10 million to $50million.

The firm will provide bankruptcy administrative services, whichinclude recording all transfers of claims; preparation and mailingof documents to creditors in connection with the solicitation of aChapter 11 plan; collecting and tabulating votes; and managing anydistributions made under the plan.

Ensequence, Inc. is a privately-owned Delaware corporation engagedin the business of making advertisements on television. It wasformed in 2001 as a provider of tools for building interactivetelevision applications for television networks, advertisers anddistributors of network television.

Ensequence sought protection under Chapter 11 of the BankruptcyCode (Bankr. D. Del. Case No. 18-10182) on Jan. 30, 2018. In thepetition signed by CRO Michael Wyse, the Debtor estimated assets of$1 million to $10 million and liabilities of $10 million to $50million.

ENSEQUENCE INC: Rust Consulting Is Claims Agent-----------------------------------------------Ensequence, Inc., received approval from the U.S. Bankruptcy Courtfor the District of Delaware to hire Rust Consulting/OmniBankruptcy as its claims and noticing agent.

The firm will oversee the distribution of notices, and themaintenance, processing and docketing of claims filed in theDebtor's Chapter 11 case.

Ensequence, Inc. is a privately-owned Delaware corporation engagedin the business of making advertisements on television. It wasformed in 2001 as a provider of tools for building interactivetelevision applications for television networks, advertisers anddistributors of network television.

Ensequence sought protection under Chapter 11 of the BankruptcyCode (Bankr. D. Del. Case No. 18-10182) on Jan. 30, 2018. In thepetition signed by CRO Michael Wyse, the Debtor estimated assets of$1 million to $10 million and liabilities of $10 million to $50million.

Mr. Wyse and his firm will manage the restructuring,recapitalization, refinancing and any sale-related efforts of theDebtor; evaluate additional strategic alternatives; help stabilizeand enhance the financial and operational performance of theDebtor's business; lead negotiations with potential suitors; managecash forecasting and liquidity management procedures; and provideother services related to the Debtor's Chapter 11 case.

Wyse Advisors will be paid a flat fee of $35,000 per month. Inaddition, the firm will earn a "success fee" of 5% of the value ofany transaction related to the Debtor.

The firm does not hold any interest adverse to the Debtor's estate,according to court filings.

Ensequence, Inc. is a privately-owned Delaware corporation engagedin the business of making advertisements on television. It wasformed in 2001 as a provider of tools for building interactivetelevision applications for television networks, advertisers anddistributors of network television.

Ensequence sought protection under Chapter 11 of the BankruptcyCode (Bankr. D. Del. Case No. 18-10182) on Jan. 30, 2018. In thepetition signed by CRO Michael Wyse, the Debtor estimated assets of$1 million to $10 million and liabilities of $10 million to $50million.

ENSEQUENCE INC: Wants Access to Cash Collateral Until June 13-------------------------------------------------------------Ensequence, Inc., seeks authority from the United States BankruptcyCourt for the District of Delaware to use Cash Collateral tomaintain and continue its business and to administer this casepending a going concern sale, subject to the amounts provided forin the Budget until June 13, 2018.

As of the Petition Date, the Debtor is indebted to Myrian CapitalFund, LLC approximately $36,700,000 in principal and interestoutstanding under the Prepetition Loan Documents, which is validlysecured with a first priority lien on substantially all of theDebtor's assets, including all cash and cash equivalents of theDebtor or proceeds thereof.

The proposed Interim Order provides Myrian Capital Fund with areplacement lien, an allowed superpriority administrative expenseclaim pursuant to Bankruptcy Code sections 503 and 507(b). Duringthe Chapter 11 Case, the Debtor will pay or reimburse in cashMyrian Capital Fund for reasonable and documented fees,out-of-pocket costs, expenses, and charges on a regular monthlybasis consistent with the Budget.

The proposed Interim Order requires that the Debtor to provideMyrian Capital Fund with the following:

(a) On or before the end of business on Wednesday of eachcalendar week commencing Feb. 7, 2018, an updated Budget;

(b) On or before the end of business on Wednesday of eachcalendar week commencing Feb. 7, 2018: (i) a weekly cash flowcomparison that compares the Debtor's actual receipts and expensesfor the prior week to the Budget with respect to such week and (ii)a compliance certificate, certified on behalf of the Debtor by anofficer of the Debtor, relating to liquidity, cumulativedisbursements, minimum collections, and other matters for the priorweek; and

(c) other periodic reports as Myrian Capital Fund may requestfrom time to time regarding efforts by the Debtor to improverevenue cycle management processes and procedures, accounting andfinance, information systems, and other matters.

Moreover, Myrian Capital Fund will have the right to inspect thePrepetition Collateral and the Debtor's books and records relatingthereto.

The Debtor will maintain in its name the bank account at SiliconValley Bank with an account number ending in 0461 and will use theDeposit Account as the Debtor's only operating account, includingdepositing all funds from collection of receivables into theDeposit Account. The Debtor will not maintain any cash in any bankaccount other than the Deposit Account.

(b) March 1, 2018 - Filing a joint plan and disclosurestatement, in a form acceptable to Myrian Capital Fund.

(c) April 19, 2018 - Approval of a sale order, in a formacceptable to Myrian Capital Fund.

(d) April 23, 2018 - Entry of an order granting interimapproval of the disclosure statement, approval of solicitationprocedures, and scheduling a hearing on confirmation of the plan,each in a form acceptable to Myrian Capital Fund.

(e) April 25, 2018 - Commencement of solicitation of votes onconfirmation of the plan.

(f) June 7, 2018 - Entry of an order granting final approvalof the disclosure statement and confirmation of the plan, in a formacceptable to Myrian Capital Fund.

Ensequence, Inc., is a privately owned Delaware corporation engagedin the business of making advertisements on television moreinteractive and measurable. The Company was formed in 2001 as aprovider of tools for building interactive television applicationsfor television networks, advertisers and distributors of networktelevision. During the period from 2013 to the present, theCompany expanded its focus to include manufacturers of "smarttelevisions." Throughout its history, the Company has partneredwith national cable networks (e.g., MTV, NBC, ESPN, CNN, HBO,etc.), traditional distributors (e.g., Comcast, Time Warner Cable,DIRECTV, etc.), and television manufacturers (e.g., Samsung, LG,Sony, etc.). One year ago, the Company had approximately 50employees, but as of the Petition Date, the Debtor has fivefull-time employees executing its strategic plan.

Ensequence, Inc., filed a Chapter 11 petition (Bankr. D. Del. CaseNo. 18-10182) on Jan. 30, 2018. In the petition signed by CROMichael Wyse, the Debtor estimated $1 million to $10 million inassets and $10 million to $50 million in liabilities.

EQUIAN BUYER: Moody's Affirms B2 CFR & Revises Outlook to Negative------------------------------------------------------------------Moody's Investors Service affirmed Equian Buyer Corp.'s B2Corporate Family Rating ("CFR"), its B2-PD Proability of DefaultRating, and B2 instrument ratings on $768 million of first-lienrevolver and term loan debt, the latter which includes a new, $315million add-on portion. Equian, a healthcare-payment-integrityservices provider, will use proceeds from the add-on facility tofund the entire purchase price (plus fees) of OmniClaim, afast-growing provider of claims-validation software and servicesfor commercial health insurers. Moody's has changed the ratingsoutlook to negative, from stable.

The negative outlook reflects Moody's view that debt-to-EBITDAleverage will rise to well above 6.0 times because of theacquisition as well as the risks to reducing leverage andgenerating the free cash flow consistent with the rating category,given the company's significant acquisition activity. The OmniClaimpurchase is occurring not long after the late-2015 combination ofHealth Systems International and Trover Solutions that formedEquian plus multiple subsequent acquisitions. Additional quarters'worth of clean, comprehensive financial statements will be requiredto ascertain Equian's success at acquisition integration and itscapability to de-lever.

Moody's nevertheless affirmed the B2 CFR because robust demand foroutsourced payment integrity services, Equian's recent, strongcustomer retention levels and bookings, and OmniClaim's strategicfit within the data mining and audit functions of Equian'spost-payment segment provide at least the framework for steady,mid- to upper-single-digit revenue growth and modest deleveraging,to below 6.0 times by the end of 2018, a level more appropriate forthe B2 rating category given Equian's operating profile.

Affirmations:

Issuer: Equian Buyer Corp.

-- Probability of Default Rating, affirmed B2-PD

-- Corporate Family Rating, affirmed B2

-- Senior secured bank credit facilities, maturing 2022 and 2024,

affirmed B2, LGD3

Outlook, changed to negative, from stable

RATINGS RATIONALE

OmniClaim brings technology and analytics strengths to on-siteauditing of healthcare providers' insurance claims, with aspecialty in validating diagnosis-related groupings ("DRG"). Itsanalytics are used to better identify what claims should beaudited, cutting down on provider abrasion and enhancing thesavings-yield per audit, while Equian, which employs remoteauditing, can perform a deeper clinical review of the selectedclaim, thereby maximizing yields on claims with errors. Thecomplementarity of OmniClaim's technology and Equian's proceduressuggests the best practices of each player can be joined to form abest-in-class DRG validation service. Additionally, Equian willlook to cross-sell some of its other services to OmniClaim'scustomers, which include some of the largest healthcare payers inthe U.S..

The B2 CFR reflects, in addition to high leverage, Equian's smallrevenue scale and, given the acquisition-driven formation of thecompany in late 2015, its lack of significant, consistent operatinghistory. Equian's good profitability and Moody's-expected steady,upper-single-digit percentage revenue growth and profit expansion-- which are enhanced by the OmniClaim acquisition -- will allowfor at least moderate deleveraging. The rating reflects nichestrengths within the payment integrity continuum serving thehealthcare, property and casualty, and workers' compensationindustries. Moody's believes that the healthcare industry'sstructure -- with favorable demographics, medical-inflation-drivenmarket growth, ever increasing complexity of the healthcare paymentecosystem, and higher penetration of outsourced services -- partlyoffsets Equian's company-specific structural deficiencies, weakerliquidity, and risks posed by a likely continuation of thecompany's active acquisition track record as it looks to buildscale and service capabilities. Moody's believes that Equian facesformidable competition from larger, more diversified players whooffer true end-to-end services across the healthcare-payment-claimslifecycle. Equian also faces elevated risks under private equityownership including the potential for debt-funded shareholderdistributions and additional acquisitions.

Moody's views Equian's liquidity as adequate. Its current cashbalance is approximately $22 million, but given the additional debtburden and the company's expected growth trajectory, its $30million revolver, with $7 million drawn, is now rather smallrelative to its fixed expense requirements (required annual debtamortization payments of approximately $7.4 million, interest,capital expenditures, and taxes). Equian's limited track record asa combined company, the addition of OmniClaim, and an activeacquisition platform diminish visibility into the company's coststructure and free cash flow. Equian will also have less certaincovenant flexibility, as cushion relative to the 6.5 times maximumnet first-lien leverage covenant, for the benefit of revolvingcredit lenders only, will be considerably leaner given theincremental $315 million of term loan debt. Moody's expects thatthe company, with top line and EBITDA expansion, will grow into amore comfortable position relative to covenant strictures.

The ratings could face downward pressure if revenue growth fallsshort of the steady, mid- to high-single-digit percentages thatMoody's anticipates, or if Moody's expects debt-to-EBITDA leveragewill be sustained above 6.0 times. Liquidity deterioration couldalso lead to a downgrade. Moody's would consider a ratings upgradeif Equian builds significant operating scale, while maintainingmargins, and if leverage is sustained below 4.0 times.

Equian provides prepayment services and subrogation anddatamining/audit (postpayment) services to its customers, with afocus on ensuring that the correct financial party is responsibleand that claims are paid using appropriate codes, quantities, andprices. Moody's expects the company to realize 2018 revenues ofclose to $370 million. Private equity firm New Mountain Capitalowns Equian as the result of a late 2015 acquisition.

The principal methodology used in these ratings was Business andConsumer Service Industry published in October 2016.

The Debtors filed the Chapter 11 plan and disclosure statement onDec. 18, 2017. The Hon. David R. Jones of the United StatesBankruptcy Court for the Southern District of Texas in Houston onJan. 25, 2018, entered an order approving Plan of Reorganizationand the Disclosure Statement related thereto. On Feb. 5, theEffective Date of the Plan occurred, and the Plan was consummated.

Expro sought Chapter 11 protection after reaching an agreement withits key lenders and shareholders to eliminate its entire $1.4billion of funded debt and $80 million in annual interest paymentsthrough an equity conversion, which will fully deleverage Expro'sbalance sheet.

"This important milestone will provide Expro with a stronger andmore sustainable capital structure to grow its business, and willbe supported by an additional $200 million equity commitment fromits new shareholders," the Company has earlier said.

The Company has proposed to pay all prepetition amounts in fullunder its plan. Suppliers should expect to be paid 100% of theirclaim.

About Expro Holdings

Houston, Texas based Expro Holdings US Inc. --https://www.exprogroup.com/ -- is a provider of specialized wellflow management products and services to the oil and gas industry,with a specific focus on offshore, deepwater and other technicallychallenging environments.

FINANCIAL 15: DBRS Confirms Pfd-4(high) on Preferred Shares-----------------------------------------------------------DBRS Limited confirmed the rating of the Preferred Shares issued byFinancial 15 Split Corp. (the Company) at Pfd-4 (high). The Companyinvests in a portfolio (the Portfolio) consisting primarily ofcommon shares of 15 high-quality North American financial servicescompanies: Bank of America Corporation, Bank of Montreal, Bank ofNova Scotia, Canadian Imperial Bank of Commerce, CI FinancialCorp., Citigroup Inc., The Goldman Sachs Group Inc., Great-WestLifeco Inc., JP Morgan Chase & Co., Manulife Financial Corporation,National Bank of Canada, Royal Bank of Canada, Sun Life FinancialInc., The Toronto-Dominion Bank, and Wells Fargo & Company. Inaddition, up to 15% of the net asset value (NAV) of the Company maybe invested in securities of issuers other than those mentionedabove. These issuers include Fifth Third Bancorp and AGF Managementas of May 31, 2017. The common shares of a particular PortfolioCompany each represent between 1.2% and 8.9% of the total NAV ofthe Company. No more than 10% of the NAV of the Company may beinvested in any single issuer. The Portfolio is actively managed byQuadravest Capital Management Inc.

A portion of the Company's Portfolio is exposed to currency risk,as it includes securities and options denominated in U.S. dollars(USD), while the NAV of the Company is expressed in Canadiandollars. The Company has not entered into currency hedgingcontracts for the USD portion of the Portfolio, although theCompany may use derivatives for hedging purposes. As of May 31,2017, approximately 40% of the Portfolio was invested inUSD-denominated assets.

The Preferred Shares dividend increased by 25 basis points as ofDecember 1, 2017, to pay a fixed cumulative monthly dividend of$0.04583 per share, yielding 5.50% annually on their issue price of$10 per share. Holders of the Class A Shares continue to receiveregular monthly cash distributions in an amount to be determined bythe board of directors. No regular monthly distributions will bepaid to the Class A Shares if the NAV per unit is below the $15threshold or if any dividends on the Preferred Shares are inarrears. The dividend coverage ratio is expected to be 0.4 timesafter the dividend increase on the Preferred Shares. Regularmonthly Class A Share distributions will result in an averageannual grind of approximately 8% over the next three years.

Downside protection available to holders of the Preferred Shareswas 44.3% as of November 15, 2017. Over the past year, the downsideprotection remained volatile with several distinct increases thatpermitted the Company to complete three follow-on offerings duringthese times. The latest offering was completed on November 15,2017, bringing the total number of each class of shares toapproximately 33.3 million and the Company's net assets to $596.3million.

The scheduled redemption date for both classes of shares isDecember 1, 2020. At maturity, the holders of the Preferred Shareswill be entitled to the value of the Company, up to the face amountof the Preferred Shares, in priority to the holders of the Class AShares. Holders of the Class A Shares will receive the remainingvalue of the Company.

The confirmation of the rating on the Preferred Shares at Pfd-4(high) is based on the downside protection available and itsperformance, the Preferred Share dividend increase, and otherPortfolio metrics discussed above. The main constraints on therating are (1) the reliance on the Portfolio manager to generateadditional income through methods such as option writing, (2) thestated monthly cash distributions to holders of the Class A sharesand (3) the unhedged portion of the USD-denominated Portfolio thatexposes the Portfolio to foreign currency risk.

Notes: All figures are in Canadian dollars unless otherwise noted.

FIRST RIVER: Taps Akerman as Legal Counsel------------------------------------------First River Energy, LLC seeks approval from the U.S. BankruptcyCourt for the Western District of Texas to hire Akerman LLP as itslegal counsel.

The firm will advise the Debtor regarding its duties under theBankruptcy Code; negotiate transactions and prepare any necessarydocumentation; commence litigation to protect its assets; andprovide other legal services related to its Chapter 11 case.

The primary attorneys and paralegal who will be representing theDebtor and their hourly rates are:

First River Energy filed a Chapter 11 petition (Bankr. D. Del. CaseNo. 18-10080) on Jan. 12, 2018. In its petition signed by CEODeborah Kryak, the Debtor estimated total assets and debt between$10 million and $50 million.

The Debtor hired Akerman LLP as its legal counsel and Donlin,Recano & Company, Inc., as claims and noticing agent.

S&P said, "The rating error occurred on Jan. 31, 2018, when welowered the recovery rating on unsecured obligations of FirstEnergySolutions and its subsidiaries to 'C' from 'CCC-' and revised therecovery rating on those issuances to '6' from '4'. At the time, wemade no changes to the negative outlook or issuer credit rating.While the issuances in question were rated in the investment gradecategory, they were remarketed, losing security in the process.

"We incorrectly published the issue-level ratings on the trancheslisted below as 'CCC+' with a '1' recovery rating. These tranchesare senior unsecured obligations, not senior secured obligationsand are therefore rated 'C' with a '6' recovery rating."

FLEXI-VAN LEASING: Moody's Affirms B3 Corporate Family Rating-------------------------------------------------------------Moody's Investors Service affirmed the B3 Corporate Family Ratingof container chassis equipment provider Flexi-Van Leasing, Inc. andassigned a Caa1 rating to the new $300 million senior securedsecond lien notes due 2023 that the company plans to issue.Together with about $100 million to be drawn from a new $185million asset-based credit facility, the proceeds of the new noteswill be used to repay the amount outstanding under Flexi-Van'sexisting asset-based credit facility and the $265 million of seniorunsecured notes due August 2018. The ratings outlook is stable.

RATINGS RATIONALE

The affirmation of the B3 CFR considers Flexi-Van's high financialleverage, moderate operating margins and risks related to contractrenewals and weakening containerized cargo in in a cyclicaldownturn. Moody's expects debt/EBITDA to decrease to approximately6 times at year-end 2018, from 7 times at year-end 2017, as thecompany benefits from currently robust growth in container importand export volumes as well as a recent contract win. Operatingmargins are likely to widen towards 10% in 2018 driven by ongoingimplementation of measures to manage maintenance and repairexpenses and steady improvements in fleet utilization, continuing arecovery from margins at only mid-single digit levels in 2016.

Flexi-Van is one of three main providers of chassis equipment forthe transportation of containerized cargo. Access to portterminals, capital to build a sizeable fleet and the efficiency ofthe pool structure establish barriers to enter this market.Nonetheless, Flexi-Van has to contend with several new entrantsthat offer new chassis equipment, although at a relatively modestscale at this time.

Flexi-Van's liquidity is adequate. Moody's expects that free cashflow, including proceeds from the sale of used equipment, ismodestly positive in 2018 and there are no material debt maturitiesin the next two years, assuming Flexi-Van completes the proposedrefinancing as planned.

The stable outlook reflects Moody's expectation of continuinggrowth in chassis demand, which, along with Flexi-Van's recentcontract win, will cause a material increase in the company'srevenue base.

The new $300 million senior secured second lien notes due 2023 arerated Caa1, one notch below the B3 CFR. This reflects the higherranking in Moody's Loss Given Default analysis of the $185 millionrevolving credit facility that has a first lien claim onsubstantially all of the company's assets.

The ratings could be upgraded if Flexi-Van improves its (adjusted)operating margins to at least 10% and demonstrates consistentlypositive net cash flow (inclusive of proceeds from the sale of usedequipment) such that (RCF-capex)/debt is about 2.5%. Debt/EBITDA of5.5 times and FFO+interest/interest of 2.5 times would also besupportive of a ratings upgrade.

The ratings could be downgraded if margins decrease well below 10%due to an inability to effectively manage maintenance and repairexpenses, contract losses or otherwise. The ratings could also bedowngraded if debt/EBITDA exceeds 6.5 times, ifFFO+interest/interest is less than 2 times, or if Flexi-Van isunable to generate positive free cash flow (inclusive of proceedsfrom the sale of used equipment).

Affirmations:

Issuer: Flexi-Van Leasing, Inc.

-- Corporate Family Rating, Affirmed B3

-- Probability of Default Rating, Affirmed B3-PD

Assignments:

Issuer: Flexi-Van Leasing, Inc.

-- Senior Secured Regular Bond/Debenture, Assigned Caa1 (LGD4)

Outlook Actions:

Issuer: Flexi-Van Leasing, Inc.

-- Outlook, Changed To Stable From Negative

The principal methodology used in these ratings was Global SurfaceTransportation and Logistics Companies published in May 2017.

Flexi-Van Leasing, Inc., headquartered in Kenilworth, NJ, is one ofthree main providers of chassis rental equipment to the intermodaltransportation industry in North America, with a total chassisfleet of approximately 125,000 units. Flexi-Van Leasing, Inc. is aprivate company, owned indirectly by Mr. David H. Murdock, Chairmanand CEO of the company.

FLEXI-VAN LEASING: S&P Alters Outlook on 'CCC' CCR to Positive--------------------------------------------------------------Flexi-Van Leasing Inc. is planning to refinance its existingasset-based lending (ABL) facility and unsecured notes with theproceeds from a new $185 million ABL facility and $300 million ofsecond-lien notes.

Most of the company's existing debt will mature by August 2018. Theproposed refinancing would extend the company's debt maturities andimprove its liquidity position.

S&P Global Ratings revised the CreditWatch implications of its'CCC' corporate credit rating on Flexi-Van Leasing Inc. to positivefrom developing, where we placed it on June 15, 2017.

S&P said, "At the same time, we assigned our 'B-' issue-levelrating and '3' recovery rating to the company's proposed $300million second-lien notes. The '3' recovery rating indicates ourexpectation for meaningful (50%-70%; rounded estimate: 50%)recovery in the event of a default.

"We assigned our 'B-' issue-level rating to the second-lien notesbecause we expect to raise our corporate credit rating on Flexi-Vanto 'B-' following the successful completion of its refinancing.

"The revision of our CreditWatch on Flexi-Van to positive fromdeveloping reflects our belief that the company will no longer faceany meaningful near-term debt maturities after it refinances itsexisting ABL facility and unsecured notes. The company plans toenter into a new $185 million ABL facility and issue $300 millionof second-lien notes to refinance its existing ABL facility andsenior unsecured notes due 2018.

"We expect to resolve the CreditWatch positive placement onFlexi-Van when the company's completes its proposed refinancing. Atthat time, we expect to raise our corporate credit rating on thecompany to 'B-' from 'CCC' and assign a stable outlook."

The listed personal property items secure two notes, one in theamount of $115,042 held by Fifth Third Bank which is also the CashCollateral Lender, and the other is held by Seacoast National Bankwhich is believed to have a current balance around $194,211 afterthe offset of recently foreclosed non-debtor parcel of realestate.

Under the Auction Services Agreement, Thomas has guaranteed a saleof the equipment that will net the DIP at least $375,000, well inaccess of the secured liens. Thomas proposes to conduct an onlineauction within 60 calendar days from the date of the entry of theorder approving the Motion. The auction date and time will bemutually agreed upon by all parties involved.

The auction will be conducted online. Inspection dates and timeswill be provided beginning two weeks prior to the scheduledauctions to allow prospective bidders the opportunity to view theproperty and conduct their own due diligence. The property will besold to the highest and best bidders. Thomas has guaranteed a netpayment to the Debtor of at least $375,000. The next $25,000 inauction proceeds, above and beyond $375,000, will be retained byThomas for costs associated with advertising and conducting theauction. Any auction proceeds above and beyond $400,000 will besplit 90% to the Debtor and 10% to Thomas.

The property is sold "as is" condition with all faults and defects,with no representations, guaranties or warranties express orimplied. The highest bidders will take title free and clear of allliens and monetary encumbrances, and both secured creditors' lienwill attach to the proceeds of sale to the same extent as to theassets.

A copy of the Service Agreement and the list of the personalproperty to be sold attached to the Motion is available for freeat:

The Debtor is represented by Jason A Burgess, Esq., at the LawOffices of Jason A. Burgess, LLC.

GADFLY ENTERPRISES: U.S. Trustee Unable to Appoint Committee------------------------------------------------------------The Office of the U.S. Trustee on Feb. 6 disclosed in a courtfiling that no official committee of unsecured creditors has beenappointed in the Chapter 11 case of Gadfly Enterprises Inc., d/b/aSuper Cleaners, USA.

Gadfly Enterprises filed a Chapter 11 petition (Court + Case No.18-10270), on Jan. 8, 2018. The petition was signed by James M.Kanski, president. The Debtor is represented by Augustus T Curtis,Esq., at Cohen, Baldinger & Greenfeld, LLC. At the time of filing,the Debtor had $62,685 in total assets and $1.19 million in totalliabilities.

At the Court's direction, the Debtor filed a disclosure statementconforming to the edits and revisions consistent with the Order andas announced on the record during the December 19 disclosurestatement hearing.

A full-text copy of the First Amended Disclosure Statement datedDec. 21, 2017, is available at:

Headquartered in New Braunfels, Texas, Galveston Bay Properties LLCis an oil and gas extraction business. Galveston Bay Propertiesfiled for Chapter 11 bankruptcy protection (Bankr. W.D. Tex. CaseNo. 17-51905) on Aug. 9, 2017, estimating its assets at between $10million and $50 million and debt at between $1 million and $10million. The petition was signed by Dan Polk, manager.

At the same time, S&P assigned its 'B+' issue-level rating on theproposed $300 million senior unsecured notes due 2025, to be issuedby Gran Tierra Energy International Holdings Ltd (GTEIH).

The ratings on GranTierra reflect its small reserve base andproduction measures, aggressive capital spending plan, and lack ofgeographic diversification because the majority of the company'soperations are in Colombia. S&P's assessment of the company's highoperating netbacks, its expected low leverage, and its growthprospects with regard to production and reserves, partially offsetits weaknesses.

The stable outlook reflects S&P's view that the company'soperations will garner increased oil production and reserves due tothe company's recent field acquisition. It also reflects S&P's expectation that the company's leverage will remain below 2x andthat it will maintain its strong liquidity in the next 12-18months.

HAHN HOTELS: Disclosure Statement Has Conditional Approval----------------------------------------------------------Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for theEastern District of Texas, Sherman Division, approved thedisclosure statement explaining Hahn Hotels of Sulphur Springs,LLC's plan of reorganization as containing "adequate information"within the meaning of Section 1125 of the Bankruptcy Code, and, tothe extent not withdrawn, settled, or resolved, overruled anyobjections to approval of the Disclosure Statement.

At Judge Rhoades' direction, the Debtor made technical, conforming,and other non-material changes to the Disclosure Statement prior toits transmittal to holders of claims and equity interests withoutthe necessity of any further order of the Court.

A full-text copy of the First Amended Disclosure Statement withtechnical modifications is available at:

Headquartered in Sulphur Springs, Texas, Hahn Hotels of SulphurSprings, LLC, owns the La Quinta Inns and Suites, which provideshotel accommodations for business and leisure travelers across theUnited States, Canada, and Mexico.

In the petitions signed by Dante Hahn, president, Hahn Hotels ofSulphur estimated its assets and liabilities between $1 million and$10 million, and Hahn Investments estimated its assets andliabilities between $10 million and $50 million.

HBC HOLDINGS: Moody's Withdraws Caa2 Corporate Family Rating------------------------------------------------------------Moody's Investors Service has withdrawn the ratings of HBC HoldingsLLC, including its Caa2 Corporate Family Rating (CFR), Caa2-PDProbability of Default Rating (PDR), Caa1 rating on the first liensenior secured term loan and its stable outlook.

Type of Business: Help Kids is the fee simple owner of a mobile home park consisting of 20 mobile home spaces and one family residence located at 1628 - 1638 Inyo Street, Delano, CA 93215. The Property is valued by the Company at $1.15 million.

Chapter 11 Petition Date: February 6, 2018

Court: United States Bankruptcy Court Eastern District of California (Fresno)

HOVNANIAN ENTERPRISES: Moody's Hikes Family Rating to Caa1----------------------------------------------------------Moody's Investors Service upgraded Hovnanian Enterprises, Inc.Corporate Family Rating to Caa1 from Caa2 as the company has madestrides in reducing its near-to-midterm refinancing risk andMoody's believes that Hovnanian generates sufficient unleveragedfree cash flow to cover its interest burden in the next 12-18months. The company's speculative-grade liquidity rating wasupgraded to SGL-3 from SGL-4 to indicate the improvement in itsliquidity profile.

In conjunction with this rating action, Moody's also downgraded thecompany's Probability of Default to Ca-PD/LD in order to indicatethe distressed exchange that took place among the company and theholders of its 7% Senior Notes due 2019 and 8% Senior Notes due2019. Moody's anticipate to upgrade the Probability of DefaultRating to Caa1 shortly.

Moody's also assigned Caa3 ratings to the K. Hovnanian Enterprises,Inc.'s (K.Hovnanian) new unsecured notes: 13.5% $90.5MM due 2026and 5% $90.1MM due 2040. The notes, along with cash on hand, willbe used to execute the distressed change.

The upgrade of the Corporate Family Rating to Caa1 from Caa2recognizes Hovnanian's significantly improved debt maturity profilewith the nearest significant maturity coming up in 2021.Furthermore, Hovnanian is anticipated to generate sufficientunleveraged cash flow, as it can pair back land purchases if needbe, in 2018 to cover its interest payments. Homebuilding EBITinterest coverage is anticipated to be between 1x-1.4x in 2018.

At the same time, the rating continues to be pressured by thereduction in the revenue base and debt to capitalization in excessof 100%. However, despite declining revenues and community count,the company has shown contracts per community increase. For the4Q2017, they were up 10% YoY.

The Speculative-Grade Liquidity (SGL) Rating of SGL-3 reflectsHovnanian's adequate liquidity profile over the next 12 to 18months.

The SGL Rating takes into consideration internal liquidity,external liquidity, covenant compliance, and alternate liquidity.Hovnanian's internal liquidity is supported by its $463 million ofcash on hand as of October 31, 2017. For 2018, Moody's anticipatethe cash balance to be around $213 million. The company has a $125million revolving credit facility and Moody's anticipate Hovnanianto have about $52 million of borrowings outstanding under it.Hovnanian is not subject to any financial maintenance covenants.Alternate sources of liquidity are limited.

The stable outlook is predicated on the successful completion ofthis transaction.

The ratings could be upgraded if the company's debt tocapitalization improves to below 80%, interest coverage improves toabove 1.5x, and its liquidity shows improvement as well.

The principal methodology used in these ratings was HomebuildingAnd Property Development Industry published in January 2018.

"We also affirm our 'CCC' issue-level ratings on the company's $75million 9.5% first-lien notes due 2020 and both the 2% and 5%senior secured notes due 2021. The recovery rating remains '5',indicating our expectation for modest (10%-30%; rounded estimate20%) recovery in the event of payment default.

"In addition, we affirmed our 'D' issue-level rating on thecompany's 8% senior notes due 2019 because the new notes containcovenants preventing the company from making any interest paymentsbefore maturity. The recovery rating on the 8% senior notes isunchanged at '6', indicating our expectation for negligible(0%-10%) recovery in the event of payment default.

"The upgrade of Hovnanian reflects our reassessment following arefinancing transaction in which the company completed a partialdebt exchange, whereby holders of about $170 million of its 8%senior notes due 2019 exchanged their debt for $90.6 million 13.5%unsecured notes due 2026, $90.1 million 5% unsecured notes due2040, and $26.5 million in cash. We viewed the exchange asdistressed since the new securities' maturities extend beyond theoriginal securities and because we believed there was a realisticpossibility of a conventional default. In addition to the exchangeoffer, the company also refinanced its 7% senior notes with a newlyissued $212.5 million senior unsecured term loan facility due 2027.Lastly, the company received a commitment for a $125 million seniorsecured revolver to be made available in September 2018 to repaythe $75 million super priority term loan due August 2019. As aresult of these transactions, the company has extended thecompany's debt maturities. However, overall adjusted debt levelshave not changed materially. As a result, the 'CCC+' ratingreflects our view that the company's current capital structureremains unsustainable without material improvements in performance.

"The stable rating outlook reflects our expectation that the U.S.housing market recovery will continue. We anticipate that, over thenext 24 months, Hovnanian's EBITDA will remain in a range between$155 million and $205 million, with high adjusted debt leverageabove 8x. In addition, we expect that EBITDA interest coverage willremain above 1x while the company maintains an adequate liquidityprofile.

"We would lower the rating within the next 12 months if operatingresults deteriorate such that we begin to see the company burnthrough its cash position, causing liquidity to become strainedsuch that we believe the company would have trouble meeting itsupcoming obligations. We could also lower the rating should thecompany take steps to execute another debt exchange."

An upgrade is unlikely over the next 12 months given the company'shigh leverage. A positive rating action would require debt toEBITDA in the 6x area, with EBITDA interest coverage above 1.5x,which could occur if operating results are better than S&P expects,such as debt decreasing in excess of 45% or EBITDA growing close to90%.

HYDROSCIENCE TECHNOLOGIES: Sale Proceeds to Fund Plan-----------------------------------------------------Hydroscience Technologies, Inc., and Solid Seismic, LLC, filed aplan of reorganization that incorporates a Plan Settlement, whichgenerally provides for the sale of substantially all the Debtors'Assets, including their intellectual property and any relatedequipment, for $3.0 million in cash at closing.

The $271,890 outstanding account receivable from Omniquest and allwork in progress, however, will remain property of the Debtors'Estate. The Plan Settlement also involves the waiver, reduction,subordination, and/or disallowance of other claims to provide for agreater recovery to general unsecured creditors.

Class 4 - General Unsecured Claims, estimated to total $3.3million, are impaired. Each holder of an Allowed General UnsecuredClaim shall receive a Pro Rata Share of the Net Liquidating TrustAssets after the satisfaction of, or allocation of an appropriateReserve for, the following: (i) Allowed Administrative ExpenseClaims, (ii) Allowed Priority Tax Claims, (iii) Allowed Claims inClasses 1 through 3, and (iv) Trust Expenses. The timing of thedistribution(s) of the Net Liquidating Trust Assets will be at thediscretion of the Liquidating Trustee except to the extent limitedby the express terms of the Plan, the Liquidating Trust Agreement,or applicable law.

To fund the Plan, the Debtors have agreed to sell the PurchasedAssets to Purchaser in exchange for (a) Cash in the amount of $3.0million on the Closing Date of the sale, (b) the resolution of theResolved Claims through Class 5 of the Plan, pursuant to which,except for the $500,000 Tokio Marine Payment, the approximately$11.29 million aggregate total of the Resolved Claims are notentitled to any distribution until all Class 4 General UnsecuredClaims are paid in full, and (c) the waiver and release by theDebtors of any Claims against MHI, MII, Seamap, and Tokio Marine.

A full-text copy of the Disclosure Statement dated Dec. 20, 2017,is available at:

Established in 1996, Hydroscience Technologies, Inc. --http://www.seamux.com-- designs, manufactures, and delivers customized systems for various seismic applications for thecommercial, government, and education agencies.

In 2011, Solid Seismic, LLC, was formed to expedite and focus onproduct development, including solid cable and sensor technology. HTI owns all of the intellectual property of Solid Seismic with its70% equity interest in the company.

HTI and Solid Seismic sought protection under Chapter 11 of theBankruptcy Code (Bankr. N.D. Tex. Case Nos. 17-41442 and 17-41444)on April 3, 2017. The petitions were signed by Fred Woodland,manager of Solid Seismic.

At the time of the filing, HTI estimated its assets at $10 millionto $50 million and debt at $1 million to $10 million. SolidSeismic estimated its assets at $1 million to $10 million and debtat $10 million to $50 million.

IBEX LLC: Wants Access to Cash Collateral Through March 31----------------------------------------------------------IBEX, LLC, asks the U.S. Bankruptcy Court for the District ofColorado to authorize its continued use of cash collateral for theperiod of February 1, 2018 through March 31, 2018.

The Court has previously authorized the Debtor's use of cashcollateral under Section 363 of the Bankruptcy Code through Jan.31, 2018.

First National Bank of Pennsylvania asserts a claim in theapproximate amount of $2,357,569 against the Debtor, as of thePetition Date. First National asserts that it has a valid,perfected prepetition lien and security interest in substantiallyall of the Debtor's assets, including all cash and cash equivalentsof the Debtor or proceeds thereof. No other creditor has a securedinterest in the cash collateral.

The Debtor and First National Bank have agreed to a stipulatedorder authorizing the Debtor's use of cash collateral. Under theproposed stipulated order:

A. The Debtor will be authorized to use cash collateral forthe period from Feb. 1, 2018 through March 31, 2018;

B. First National Bank will be granted a replacement lien andsecurity interest upon the Debtor's post-petition assets with thesame priority and validity as First National Bank's prepetitionliens to the extent of the Debtor's postpetition use of theproceeds of First National Bank's prepetition collateral;

C. To the extent the Adequate Protection Liens prove to beinsufficient, First National Bank will be granted superpriorityadministrative expense claims under section 507(b) of theBankruptcy Code;

D. The Debtor will pay Lender $14,524 each month (by the 7thof February and 7th of March) as additional adequate protection;

E. The Debtor will provide First National Bank by the 20th ofeach month: (a) a report disclosing the payments made to thirdparties by Debtor and/or on behalf of Debtor for the previousmonth; (b) a budget variance report, reporting actual expendituresand identifying any variances from the Budget for the previousmonth; (c) balance sheet; (d) profit and loss statement; and (e) anaccounts receivable aging report; and

F. Any fees and expenses which are incurred or become due andowing to Jensen Dulaney or Wadsworth Warner Conrardy will not bepaid until Bankruptcy Court approval.

The Debtor desires to use the post-petition proceeds from thepre-petition accounts receivable to preserve and maintain itsbusiness as a going concern. The Debtor believes that all of itscreditors, not just the First National Bank, will benefit from theDebtor's continued operations and that any return to creditors willbe greater through continued operations and a reorganization underChapter 11 of the Bankruptcy Code than immediately ceasingoperations and winding up the Debtor's business under applicablelaw. If the Court were to decline to allow the Debtor to use theCash Collateral, the Debtor and its creditors would sufferimmediate and irreparable harm.

Ibex, LLC -- http://www.rightathome.net/colorado-springs-- is a locally owned and operated franchise office of Right at Home Inc.,a senior home care and staffing company providing care since 1995. The Company's mission is to improve the quality of life for thoseit serves by providing high quality in-home caregivers. TheCompany provides Alzheimer's care, companionship, physicalassistance and respite care services.

Ibex, LLC, based in Colorado Springs, CO, filed a Chapter 11petition (Bankr. D. Colo. Case No. 17-16031) on June 29, 2017,disclosing $111,012 in assets and $3.44 million in liabilities. Peter Vanderbrouk, managing member, signed the petition.

At the same time, S&P lowered its issue-level rating on iHeart's12%/14% senior notes due 2021 to 'D' from 'C'. The '6' recoveryrating on the debt is unchanged, indicating its expectation fornegligible recovery of principal (0%-10%; rounded estimate: 0%) inthe event of a default. S&P also affirmed its other issue-levelratings.

The downgrade follows iHeart's recent announcement that it did notmake a $106 million net cash interest payment on its 12%/14% seniornotes due 2021. The payment was due on Feb. 1.

S&P said, "We believe the company decided not to make the paymentin order to preserve cash and pressure bondholders. We believe the

nonpayment signals that a restructuring, either out of court orthrough an in court reorganization, is imminent. We don't expectthe company to make the interest payment within the 30-day graceperiod, although iHeart has sufficient cash on hand to do so."

INRETAIL CONSUMER: Moody's Alters Outlook to Neg. & Affirms Ba1 CFR-------------------------------------------------------------------Moody's Investors Service has changed InRetail Consumer outlook tonegative from stable. At the same time, Moody's has affirmedInRetail's Ba1 corporate family rating and the Ba1 rating of itssenior unsecured notes due 2021.

Moody's rating action follows the announcement that InRetailConsumer's drugstore subsidiary Inkafarma will acquire Quicorp S.A.("Quicorp"), a leading pharmaceutical distributor and retailer inthe Andean region which operates under "Mi Farma" brand name, amongothers, for a total amount of USD583 million. The transaction valueimplies a multiple of 12 times Quicorp's EBITDA as fiscal yearended December 2017.

The acquisition was funded through a combination of (i) a USD1billion 1-year bridge loan to partially fund Quicorp's acquisitionand to perform a liability management at InRetail and Quicorp, and(ii) a USD150 million equity contribution from group of privateinvestors led by Nexus Group, which will result in a 13% ownershipof the consolidated pharma operations.

Outlook Actions:

Issuer: InRetail Consumer

-- Outlook, Changed To Negative From Stable

Affirmations:

Issuer: InRetail Consumer

-- Corporate Family Rating, Affirmed Ba1

-- Senior Unsecured Regular Bond/Debenture, Affirmed Ba1

RATINGS RATIONALE

The change in outlook reflects the deterioration in InRetailConsumer's credit metrics pro-forma for the acquisition of Quicorp.Accordingly, Moody's expect leverage as measured by adjusted grossdebt to EBITDA will increase to 4.8 times in 2018 from 3.6x as ofthe last twelve months ended September 2017. In addition, givenQuicorp's current low adjusted EBITDA margins, at 4.5% in 2017compared to 8% for Inkafarma in the same period, Moody's anticipatethat the deleveraging process will be gradual, approaching 4x overthe next 24 months.

At the same time, although the consolidation of the new businessentails execution risks, the affirmation of the Ba1 ratingconsiders that the acquisition of Quicorp will allow InRetail toexpand the geographical footprint of its pharma business and willboost its international expansion strategy. Following thetransaction InRetail will have an estimated 80% market share onmodern chains in Peru's drugstore market, which Moody's anticipatewill translate into increased bargain power and cost leverageopportunities in the medium term. InRetail expects to capturesignificant synergies per year allowing an expected verticalintegration with an combined platform and distribution network inthe pharma business

The Ba1 ratings continue to be supported by InRetail's leadingmarket position and highly recognized brands in the Peruvianpharmaceutical and supermarket segments. The ratings are also basedon the company's limited exposure to demand volatility, given thehigher resilience of the food and pharmacy industries to potentialexternal shocks. In addition, the Ba1 ratings are supported byMoody's expectation that InRetail will be able to continuestrengthening its business model within a favorable environment,benefited from its exposure to an A3 rated country (Peru) withsolid macroeconomic fundamentals and a growing middle class withincreasing purchasing power. Finally, the ratings are supported bythe fact that InRetail Consumer is part of a large conglomerate anddiversified group, Intercorp Peru Ltd. (Ba2- positive), which alsoowns one of the largest banks in the country, Interbank (Baa2-positive).

On the other hand, the Ba1 ratings are mainly constrained byInRetail Consumer's current high leverage for the rating categoryand limited geographical diversification, with sales only orientedto the Peruvian market. Moreover, the company faces foreigncurrency volatility, given that 21% of its indebtedness afterhedges is denominated in US dollars while revenues are generated inlocal currency. While the company should benefit from expectedgrowth in Peru over the next few years, Moody's notes that it faceshigh competition from larger players, especially in the supermarketbusiness.

An upgrade is unlikely in the medium term given InRetail's negativeoutlook. The stabilization of the outlook would require andimprovement in overall credit metrics and profitability.Quantitatively, the outlook could be stabilized if adjustedDebt/EBITDA (as measured by Moody's) declines towards 3.5x over thenext two years and EBITDA margins return to pre-acquisition levels.Longer-term, factors that could lead to an upgrade include adjustedDebt/EBITDA sustained below 3x and adjusted EBIT/Interest expensemaintained above 4 times on a sustained basis.

InRetail's ratings could be negatively impacted should the companyfails to reduce leverage to around 4x over the next 24 months. Adowngrade would also be triggered by a deterioration in creditmetrics due to additional operating difficulties or challenges inthe integration process with Quicorp and/or further sizableacquisitions.

Founded in 1939, Quicorp is a leading pharmaceutical distributorand retailer in the Andean region. The company operates in themanufacturing, distribution, and retail pharma segments, and haspresence in Peru, Ecuador, Bolivia and Colombia. Headquartered inLima, Quicorp has over 11,000 employees and over S/ 4,000 millionin annual sales. The company operates over 1,000 pharmacies in Peruand Bolivia, and has 12 distribution centers in three differentcountries with over 90,000m2 of storage space.

Headquartered in Lima, Peru, InRetail Consumer encompasses twolarge Peruvian subsidiaries: a supermarket, Supermercados Peruanos,and a pharmacy chain, Inkafarma. Supermercados Peruanos --with 231stores- represents 40% of revenues, while the Inkafarma --with1.160 stores, covering close to 90% of the Peruvian territory-generate the remaining 60%, as of September 30th 2017. In terms ofEBITDA, the supermarkets account for 54% of the total, while thepharmacy business represents approximately the remaining 46%, inthe same period. At the same time, InRetail Consumer is part of alarge conglomerate and diversified group, Intercorp Peru Ltd.(rated Ba2, positive), which also owns one of the largest banks inPeru, Interbank (Baa2/ positive). As of the last twelve monthsended on September 2017, InRetail Consumer reports total revenuesof PEN 7.2 billion (approximately USD2.2 billion).

The principal methodology used in these ratings was Retail Industrypublished in October 2015.

Type of Business: International Place at Tysons and 8133 Leesburg Pike, LLC listed their business as Single Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). Their principal assets are located at 8133 Leesburg Pike, Suite 100 Vienna, VA 22182.

Chapter 11 Petition Date: February 6, 2018

Court: United States Bankruptcy Court Eastern District of Virginia (Alexandria)

Moody's rating action follows the company's indication that itintends to upsize by $207.5 million its senior secured first lienterm loan and to commence marketing to re-price the loan. JaneStreet plans to use the net proceeds from the incremental debtissuance for general corporate purposes, said Moody's.

Moody's has taken the following rating actions:

Jane Street Group, LLC:

* Issuer rating, affirmed at Ba3, Stable

* Senior secured first lien term loan, affirmed at Ba3, Stable

Outlook Actions:

* Outlook, remains Stable

RATINGS RATIONALE

In affirming Jane Street's Ba3 ratings with stable outlook, Moody'sconsidered the company's recent financial performance and theimpact of the incremental debt on its financial profile. Moody'ssaid Jane Street continues to have a strongly profitable trackrecord a deliberative risk management culture, with strong andsustained oversight from a highly-engaged ownership and leadershipteam, and healthy levels of maintained capital. Moody's said theincremental debt will not significantly alter Jane Street's balancesheet structure.

Moody's said Jane Street continues to have an inherently high levelof operational and market risk in its relatively narrow marketmaking activities, that could result in severe losses and adeterioration in liquidity and funding in the event of a prominentrisk management failure. Jane Street is also reliant on primebrokerage relationships to ensure the appropriate functioning ofits business activities, said Moody's.

The stable outlook on Jane Street's ratings is based on Moody'sassessment that Jane Street will continue to generate strongprofits and cash flows, and that its leaders will continue to placea high emphasis on maintaining an effective risk management andcontrols framework.

FACTORS THAT COULD LEAD TO AN UPGRADE

* Improved quality and diversity of profitability and cash flowsfrom development of lower-risk business activities

JBS USA Lux will use the proceeds to pay for the full redemption ofits 2020 notes, extending debt maturities, and aiming to reduce thecost of debt, with no increase in its leverage. The issue-levelrating on the proposed notes is the same as the corporate creditratings on JBS USA Lux and its parent company, JBS S.A. (both ratedB/Negative/--), because it's a senior unsecured debt with around 30% recovery expectation. The '4' recovery ratingassigned on the proposed issuance is weaker than the '3' recoveryrating of all the other senior unsecured debts of JBS USA Lux thatwe rate. This is because the other debts count on guarantees fromthe parent company, JBS S.A., while the new issuance won't havethis guarantee. As a result, S&P believes the creditors of the newnotes would have lower recovery given that they would have no claimagainst JBS S.A. in case of a payment default by JBS USA Lux.

JERUSALEM MISSIONARY: Taps Charles Tyler as Legal Counsel---------------------------------------------------------Jerusalem Missionary Baptist Church seeks approval from the U.S.Bankruptcy Court for the Northern District of Ohio to hire the LawOffice of Charles Tyler, Sr. as its legal counsel.

The firm will advise the Debtor regarding its duties under theBankruptcy Code; prosecute any necessary litigation; and provideother legal services related to its Chapter 11 case.

Charles Tyler, Sr., Esq., will charge an hourly fee of $200 for hisservices. Paralegals and other paraprofessionals will charge $60per hour.

The firm received a retainer in the sum of $7,000.

Tyler is "disinterested" as defined in section 101(14) of theBankruptcy Code, according to court filings.

Jerusalem Missionary Baptist Church is a religious organization inAkron, Ohio. It is a fee simple owner of a church building locatedat 1225 Vernon Odom Boulevard, Akron, Ohio, with an estimated valueof $366,630.

At the time of the filing, the Debtor disclosed $423,105 in assetsand $1.88 million in liabilities.

Judge Alan M. Koschik presides over the case.

LAUREL OF ASHEVILLE: Seeks to Hire Precision as Accountant----------------------------------------------------------The Laurel of Asheville, LLC, seeks approval from the U.S.Bankruptcy Court for the Western District of North Carolina to hirePrecision Accounting Services as its accountant.

The firm, through Beth Evans, will prepare the Debtor's taxreturns, monthly status reports and other reports; assist in thepreparation of its disclosure statement; and provide otheraccounting services related to its Chapter 11 case.

Ms. Evans will charge the Debtor at the rate of $115 per hour. Thefirm's staff and clerks will charge an hourly fee of $85.

Ms. Evans disclosed in a court filing that the firm and its membersand associates are "disinterested persons" as defined in section101(14) of the Bankruptcy Code.

The Laurel of Asheville, LLC -- http://thelaurelofasheville.com/-- which publishes a lifestyle magazine that features stories on thearts, music, events, food, communities and recreation of WesternNorth Carolina, sought protection under Chapter 11 of theBankruptcy Code (Bankr. W.D.N.C. Case No. 17-10485) on Nov. 17,2017. At the time of the filing, the Debtor estimated assets ofless than $100,000 and liabilities of less than $500,000. JudgeGeorge R. Hodges presides over the case. Pitts, Hay &Hugenschmidt, P.A., is the Debtor's bankruptcy counsel.

Moody's has withdrawn the ratings because it believes it hasinsufficient or otherwise inadequate information to support themaintenance of the ratings.

This review was initiated by Moody's on January 2, 2018. Thisaction concludes that review. This rating action was not requestedby the rated entity.

LIVE OAK HOLDING: Court Asked to Extend Terms of PCMI Employment----------------------------------------------------------------The Chapter 11 trustee for Live Oak Holding, LLC filed anapplication with the U.S. Bankruptcy Court for the SouthernDistrict of California to extend the terms of employment of PacificCommercial Management, Inc.

In his application, Richard Kipperman, the bankruptcy trustee,proposes to extend the terms of Pacific's employment to May 31,2018.

Mr. Kipperman hired the real estate broker in connection with thesale of Live Oak Springs Water Company. The sale process has notyet concluded, according to the court filing.

Other than the extension of the termination date, the terms ofPacific's employment are identical to those previously approved bythe court, according to court filings.

About Live Oak Holding

Live Oak Holding, LLC, at the time of its filing, ownedapproximately 115.85 acres near Boulevard, California on which ithad previously operated various businesses, including a watercompany, campground, restaurant and bar, off-road vehicle racetrack and mobile home park.

Live Oak Holding sought protection under Chapter 11 of theBankruptcy Code (Bankr. S.D. Cal. Case No. 13-11672) on Dec. 3,2013. In the petition signed by Nazar Najor, member, the Debtorreported assets of $1.81 million and liabilities of $2.07 million.

On Jan. 30, 3014, Richard M. Kipperman was appointed as the Chapter11 trustee. The Trustee is represented by Mintz Levin Cohn FerrisGlovsky and Popeo P.C. Lauren Najor was hired as bookkeeper forthe Debtor's water company.

LUX HOLDCO III: S&P Assigns 'B' CCR, Outlook Stable---------------------------------------------------Private equity sponsor SK Capital is acquiring the fire safety andoil additives business from Israel Chemicals for approximately $1billion. The stand-alone entity Lux HoldCo III (Invictus) plans toissue $645 million first-lien credit facilities consisting of a$100 million revolving credit facility and a $545 millionfirst-lien term loan, as well as a $170 million second-lien termloan as part of the transaction.

The borrowers of the first- and second-lien credit facilities areboth Lux HoldCo III and U.S. NewCo.

Lux HoldCo III is a specialty chemical company that is a carve-outof the fire safety and oil additives business of Israel Chemicals.The fire safety segment manufactures fire safety chemicalsincluding Phos-Chek fire retardants, class A and class B foams, andwater-enhancing gels. These products are used to contain andextinguish wildland, industrial and municipal fires. The oil additives segment produces high-quality phosphorus pentasulfide(P2S5) used in the preparation of ZDDP-based lubricant additives,which are utilized in commercial and passenger vehicles. Lux HoldCoIII has long-standing customer relationships with governmentagencies and is a market leader in both fire retardants and class A foams. S&P's 'B' rating reflects itsexpectation that weighted-average adjusted debt to EBTIDA willremain above 5x.

The stable outlook reflects S&P's expectation that LUX HoldCo IIIwill maintain operational performance levels that will result inpro forma leverage measures with FFO/debt of less than 12% duringthe next 12 months. S&P Global Ratings expects U.S. GDP growth of2.8% in 2018 and 2.2% in 2019. S&P expects Lux Holdco III tocontinue to improve profitability measures and top line growth asit continues to grow volumes at slightly greater than GDP levelsacross the fire safety business and in line with GDP across the oiladditives business. S&P's stable outlook does not factor in anylarge acquisitions, aggressive shareholder remuneration, ordivestitures.

A negative rating action is possible within the next 12 months ifLux Holdco II has weaker-than-expected end-market demand or ifcompetition enters the fire retardant market, causing weightedaverage FFO/debt to fall below below 7%. In this downside scenario,S&P would expect that EBITDA margins would fall by 10%. A loss of a key customer in either segment could also leadto a negative rating action. Additionally, S&P could take anegative rating action if liquidity significantly lessens such thatfree cash flow turns negative and sources over uses is less than1.2x. S&P could also take a negative rating action if the companypursues any large debt-funded shareholder rewards or acquisitions.

S&P said, "We could take a positive rating action on Lux HoldCo IIIover the next 12 months if the company's operating performance ismuch better than we expect such that debt leverage is sustainedbelow 5x and FFO to debt is above 12%, along with financialpolicies consistent with a higher rating. We could see suchimproved performance if fire-retardant sales improve well in excessof our expectations, driving revenue growth to improve by 10%coupled with a 5% EBITDA margin expansion."

The negative rating outlook reflects the REIT's modest liquidityposition relative to its large development pipeline and thepotential for sustained weakness in its portfolio lease rate.

A ratings upgrade, unlikely in the near term, would requiresustained improvement in the leverage and coverage metrics anddiversification in income mix. Key considerations include net debtto EBITDA below 7.5x, secured leverage below 20% and fixed chargeat 2.7x or higher, all on a sustained basis. Unencumbered assetratio above 60% on a consistent basis, multifamily incomecontribution of 25% or more and ample liquidity to manage all itsfunding needs over the next 12 months are some other factors thatcould provide upward rating momentum.

The ratings will be downgraded if fixed charge coverage drops below2.2x, the unencumbered assets ratio is lower than 40% and net debtto EBITDA is above 8.5x on a sustained basis. Further deteriorationin portfolio lease rate, or liquidity challenges could also resultin a rating downgrade.

Mack-Cali Realty Corporation (NYSE: CLI) is an office REIT thatowns 17.8 million square feet of office space, primarily in NewJersey. The REIT also owns and has interests in 16 operatingmulti-family properties in New Jersey, Massachusetts and WashingtonDC.

The principal methodology used in these ratings was Global RatingMethodology for REITs and Other Commercial Property Firms publishedin July 2010.

"At the same time, we affirmed our 'BB-' issue-level rating with a'4' recovery rating on the company's $1.9 billion of seniorunsecured notes that were issued prior to the December 2017 $1billion high-yield notes issuance. The $1.9 billion of seniorunsecured notes include $500 million maturing 2019, $250 millionmaturing 2020, $350 million maturing 2021, $250 million maturing2023, $250 million maturing 2040, and $300 million maturing 2041.The '4' recovery rating reflects our expectation for average(30%-50%; rounded estimate: 40%) recovery for lenders in the eventof a payment default.

"Despite revenue and EBITDA underperformance in the fourth quarterof 2017 that has caused us to lower our base-case forecast through2019, we affirmed our 'BB-' corporate credit rating on Mattelbecause we believe there is a plausible path in 2018 toward revenuestabilization, some margin recovery, and a return to positive cashflow from operations. We also forecast a reduction in leverage tobelow our 5x downgrade threshold by early 2019. In addition, Mattelended 2017 with high cash balances of over $1 billion and its $1.6billion ABL revolver was undrawn as of Dec. 31, 2017, providing asignificant liquidity cushion as Mattel attempts to turn around itsbusiness.

"Despite our base-case forecast for revenue stabilization, andmargin and leverage improvement through 2019, the negative outlookreflects the high level of variability in revenue, EBITDA andoperating cash flows, and the uncertainty regarding the success ofthe company's turnaround plan. The ongoing shift in consumerpurchasing behavior toward the online channel and shoppers arrivinglater in retail stores during the holiday season may alsocontribute to variability in operating performance. These riskfactors could result in adjusted leverage sustained above our 5xdowngrade threshold through 2019 and cause us to lower ratings.Additionally, although we have assumed sales adjustments as apercentage of revenue will remain elevated at around 11.5% annuallythrough 2019, the negative outlook also reflects the potential forthis measure to deteriorate as it has done over the past threeyears, potentially leading to further net revenue declines fromweakening demand for the company's products.

"We could lower ratings if revenue or EBITDA underperforms ourcurrent base-case forecast through 2019, and we believe operatingfundamentals could deteriorate further in a manner that causestotal lease-adjusted debt to EBITDA to stay above 5x. We could alsolower ratings if we believe revenue will continue to decline as aresult of market share losses in key product categories, even ifEBITDA grows because of potentially significant cost cutting. Inaddition, because of heavy expected cash balance and revolver usagedue to the seasonal working capital needs of the business, wecurrently rate to a forecasted year-end leverage measure.

"We could revise the rating outlook to stable if Mattel stabilizesrevenue, begins to improve gross margin, and maintains its marketshare in key product categories, and if we become confident Mattelcan sustain total lease-adjusted debt to EBITDA comfortably below5x. While unlikely over the next few years, we could raise therating if Mattel can significantly grow revenue and EBITDA, andadopts a leverage policy that sustains adjusted debt to EBITDAbelow 4x."

The affirmation of the IDR reflects MEG's improving leveragemetrics and increased operational momentum as it executes on itsenhanced Modified Steam and Gas Push (eMSAGP) program;below-average refinancing risk (no major bond maturities due untilJanuary 2023, and a covenant-lite revolver which is not subject toborrowing-base redetermination); good liquidity; and expectedcapital and efficiency gains, which, all else equal, shouldcontinue to help push breakevens modestly lower over the next fewyears.

Approximately CAD4.7 billion in debt was affected by today's ratingaction.

KEY RATING DRIVERS

Leverage High but Improving: MEG's leverage, while still high, hasimproved sharply, declining from 18.4x at year-end 2016 to 8.5x onan LTM basis at Sept. 30, 2017. The LTM improvement was driven bymoderately higher oil prices, tighter WCS spreads, and marginexpansion from ongoing efficiency gains. While 8.5x remains highfor the 'B' rating category, Fitch anticipates further improvementsdriven by the eMSAGP expansion program. In Fitch base caseforecast, Fitch expect leverage will eventually improve to 5.8x by2019 and 4.3x in 2020. Prior to that, in 2018 Fitch expect thatimprovements in MEG's leverage metrics are likely to stall out dueto the impact of wider WCS discounts.

Exposure to WCS Differentials: Because of its lack of downstreamintegration, MEG is significantly more exposed to the WCS-WTIspread than producers such as Suncor Energy Inc. and CanadianNatural Resources Ltd. The WCS-WTI spread has been volatile andrecently experienced a basis blowout. In December, differentialsrose to the $25+/bbl level, following an earlier spill on the590,000 bpd Keystone pipeline, and reduction in pipeline pressure.Fitch expects the differential will narrow back down to levelsdefined by railroad economics (approximately $18-$20/bbl), andeventually reflect lower cost pipeline economics as various plannedpipeline projects come online in the late 2019/2020 time frame,including Enbridge's Line 3 replacement, Keystone XL, and Kinder'sTransmountain project. However, delays in bringing these on couldkeep differentials wide in the interim. While MEG lacks refiningintegration, MEG enjoys some insulation from WCS differentials,from both physical transportation arrangements (Flanagan South andSeaway pipelines) as well as through WCS differential hedges.

Favorable Refinancing Impacts: MEG's January 2017 recapitalizationdid several positive things for the company, including extendingthe revolver maturity to 2021 and the term loan to 2023; replacing2021 unsecured notes with 2025 second-lien secured notes; andraising approximately CAD500 million in equity to fund its eMSAGPgrowth initiative, which should supply 20,000 bpd of low-costproduction by early 2019. While the revolver was downsized toUSD1.4 billion from USD2.5 billion, Fitch views the current size asadequate for MEG's operations going forward. All outstanding andpro forma debt continues to have a covenant-lite structure free offinancial maintenance covenants.

Ample Near-Term Liquidity: MEG's liquidity is good. At Sept. 30,2017, MEG had cash of CAD398 million, and an undrawn CAD1.75billion revolver (USD1.4 billion) that matures in November 2021.MEG's credit facility, while secured, is not linked to a borrowingbase and therefore not subject to biannual redeterminations unlikemany of its 'B' rated peers. Outside of term loan amortizations,the company's earliest maturity is its 6.375% 2023 notes. Currentmaintenance capex is estimated at around CAD220 million and shouldrise in line with increasing volumes. However, if prices were todecline, Fitch believes MEG has the flexibility to defer sustainingand maintenance capex that would result in single-digit productiondeclines.

Growth Projects Gain Steam: MEG is focused on high-return growthprojects that will increase production at low incremental costs.These include its eMSAGP project and 2B brownfield projects, whichshould add 20mboepd and 13mboepd of production, respectively. Bothare low-cost, high-return projects. Under eMSAGP, MEG injectsnon-condensable methane into reservoirs to allow liquefaction ofbitumen at significantly lower Steam Oil Ratios (SORs). Projectedcosts have dropped to CAD17,500/barrel, down 13% from earlierestimates. To date, the company has successfully deployed eMSAGPacross 30% of its production, with the primary capital costsconsisting of new well pairs, which redirect scavenged steam. Thecompany expects to achieve average production of 85kbpd-88kbpd in2018 (which includes the impact of a major planned turnaround),with an exit production rate of 95kpd-100kbpd. Future potentialgrowth projects also include the eMVAPEX program (asolvent-assisted SAG-D technology, currently in the pilot phase).

Improved Capital and Operating Efficiencies: MEG has reducedoperating and capital expenses, helping to lower cash breakevenprices. Capital costs for eMSAGP declined to CAD350 million fromCAD400 million earlier, and MEG's overall 2017 capex declined toCAD510 from CAD590 million. Guidance for non-energy operating costshas declined to CAD4.75/bbl-5.25/bbl, down from CAD5.62/bbl in 2016and CAD8.02/bbl in 2014. Lower costs have been driven by highervolumes (approximately 90% of MEG's non-energy operating costs arefixed), as well as process improvements, including redesigned wellpads, improved well spacing, and maintenance schedule optimization.MEG expects to reduce cash costs by $4-$5/bbl by 2020 when it isproducing at the 113,000 boepd level.

MEG's LTM cash netbacks have recovered from the depressed levelsseen in 2016, to CAD24.09/bbl for the LTM period versus justCAD10.18/bbl for the comparable period in 2016. The main driverswere substantially higher bitumen prices, stronger WCSdifferentials, and reductions in non-energy operating costs.Looking forward, Fitch expect netbacks will soften in 2018 in Fitchbase case due to an unfavorable increase in WCS spreads, beforebeginning to recover in 2019.

Growing Hedge Program: MEG has increased its hedging activity toprotect its capital program and mitigate cash flow volatility. Thecompany hedges WTI as well as the WTI-WCS differential. As ofDecember, MEG had hedged an average of around 42,000 bpd of 2018blended sales using a combination of swaps and collars. It had alsohedged just under 35,000 bpd of WCS and 13,000 bpd of 2018condensate exposure through physical transactions for 2018. Fitchexpects that as the hedging program matures (it was initiated in2016), it will expand into a multi-year program, similar to anumber of high-yield E&P peers. Fitch views hedge protections as acredit positive for MEG.

Asset Sales Uncertain: Despite an improved overall environment forasset sales in Canada, the timing of the sale of MEG's 50% stake inthe Access Pipeline system remains unclear. The company haspublicly stated that monetization of the asset remains a priorityand, more generally, that it would de-lever through both EBITDAgrowth and balance sheet reductions. In Fitch base case, Fitchconservatively assumed Access Pipeline would not be sold over thenext few years, and the company would retain related tariffsavings. The lack of an asset sale and associated debt repaymentincreases the importance of timely expansion of growth initiatives,and efficiency gains in getting metrics back to in-categorylevels.

DERIVATION SUMMARY

MEG is reasonably positioned versus 'B' rated E&P peers. MEG's sizeis above average (83,000bpd), as is its liquids exposure (100%).Refinancing and liquidity risk are below average, given the lack ofnear-term maturities (next major bond not due until January 2023),and a covenant-lite revolver that is not subject to borrowing-baseredetermination.

2019, and USD55/bbl in 2020 and the long run; -- Base case natural gas price of USD3.00/mcf in 2018 and 2019, and USD3.25 in the long run; -- Production of approximately 86,500 boepd in 2018, 100,000 boepd in 2019, and 103,000 boepd in 2020; -- Capex of approximately CAD510 million in 2018, CAD438 million in 2019, and CAD370 million in 2020; -- A moderately strengthening CAD/USD exchange rate across the forecast period, in line with rising oil price deck; -- No sale of the Access Pipeline within the forecast period.

Ample Liquidity Supports Profile: At Sept. 30, 2017, MEG had CAD398million of cash and an undrawn CAD1.75 billion revolver (USD1.4billion) that matures in November 2021, as well as a separateUSD440 million letter of credit facility from Export DevelopmentCanada (EDC) that matures in 2021. There were no draws on the mainrevolver at Sept. 30, 2017, but the EDC facility had USD307 millionoutstanding. Draws under the EDC facility do not impactavailability under the main revolver. MEG's LTM FCF was -CAD210million, and most of the remaining spend on eMSAGP is scheduled tobe finished by 2018 and should be funded without tapping therevolver. MEG's credit facility, while secured, is not linked to aborrowing base and therefore not subject to biannualredeterminations unlike many high-yield peers.

Both the revolver and long-term debt are covenant-lite, whichenhances flexibility. Outside of term loan amortizations, thecompany's earliest maturity is its 6.375% 2023 notes. Currentmaintenance capex is estimated at CAD220 million and should rise inline with increasing volumes. However, if oil prices were todecline further, Fitch believes MEG has the ability to defersustaining and maintenance capex, which would result insingle-digit production declines. Cash interest is substantial atapproximately CAD291 million, and EBITDA/interest paid was weak at1.9x, but should benefit as production volumes rise.

Strong Recovery for Secured Notes: The recovery analysis for MEGwas based on the maximum of going-concern value and traded assetvaluation. Under the traded asset valuation approach, Fitch used aconservative multiple based on recent transactions in the CanadianOil Sands (CAD55,413/flowing barrel) and multiplied it by MEG'smost recent quarterly production (83,008 bpd) to estimate aninitial asset value for the company's core E&P properties of CAD4.6billion. Fitch then added Fitch estimated valuation for MEG's 50%stake in the Access Pipeline system (CAD1.28BN), as well asadjusted values for MEG's A/R and inventory, to generate totaltraded asset valuation of approximately CAD6.1 billion. Separately,Fitch calculated a going-concern valuation for MEG of approximatelyCAD5.1 billion, which consisted of Fitch projected going-concernEBITDA for MEG of CAD1,014 million multiplied by a 5.0x multiple,which is in line with historical multiples for the sector . Themaximum of these two approaches was the traded asset valuationapproach of CAD6.1 billion.

A standard waterfall approach was then applied. After subtracting10% for administrative claims, the remaining value was applied tothe waterfall analysis, and the company's first-lien secured termloan, revolver, and LOC facility all recovered at the 100% level,and were therefore rated 'BB/RR1'. The second-lien notes alsorecovered 100% and were rated 'BB/RR1'. However, recovery for thesenior unsecured notes declined to 'B-'/'RR5' (11%-30%). Thedecline in recovery for the senior unsecureds was driven primarilyby lower multiples used in the asset valuation approach, whichreflects the lower value of recent comparables data.

Meritor's positive rating outlook reflects the company's improvedleverage and debt service profile resulting from debt reductionswith asset sale proceeds combined with recovering conditions in theU.S. commercial vehicle markets. Following the sale of thecompany's interest in Meritor WABCO Vehicle Control Systems inOctober 2017 for $250 million, a portion of the proceeds were usedto reduce long-term debt. For the LTM period ending December 31,2017, Meritor's Debt/EBITDA is estimated at about 4.4x. Meritor'sfinancial performance is also benefiting from improving build ratesin the commercial vehicle industry, particularly in North Americawhere build rates for Class 8 vehicles are expected to grow about30% in 2018. These considerations are expected to support thepositioning of Meritor's credit metrics solidly towards thepotential for higher ratings over the intermediate-term. Inaddition continued free cash flow generation in the range ofapproximately $100 million should support further debt repaymentsand additional operating flexibility during industry cyclicaldownturns.

The ratings could be upgraded upon expectations of achieving 10%adjusted EBITDA margins, maintaining debt below $1.4 billion(inclusive of Moody's Standard Adjustments) and growing organicrevenue. Metrics on a Moody's adjusted basis that would have thepotential to support an upgrade include EBITA margins above 8%,EBITA / interest exceeding 2.5x, and debt / EBITDA approaching3.5x.

The ratings could be downgraded with sustained EBITA margins below6.0%, EBITA / interest of less than 1.5x or debt / EBITDA above5.5x. Other potential events that could result in a downgradeinclude meaningful loss of market position, a weakening of thecompany's liquidity profile, or more aggressive financial policiessuch as increased target leverage or return of capital toshareholders.

The principal methodology used in these ratings was GlobalAutomotive Supplier Industry published in June 2016.

Meritor, Inc., headquartered in Troy, MI, is a leading globalsupplier of drivetrain, mobility, braking and aftermarket solutionsfor commercial truck, trailer, off-highway, defense, specialty andaftermarket customers around the world. Revenues for the LTM periodended December 31, 2017 were approximately $3.6 billion.

Based in Saint Clair Shores, Michigan, Michigan Commercial DoorGroup, LLC, specializes in the distribution, installation andservice of commercial and industrial doors, material handlingequipment and other products. It offers 24-hour repair and newinstallation services for its customers across Michigan.

Michigan Commercial Door Group sought protection under Chapter 11of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 18-40809) onJan. 22, 2018. In the petition signed by Natalia K. Gentry,authorized representative, the Debtor estimated assets of less than$50,000 and liabilities of less than $1 million.

The downgrade reflects Molina's diminishing geographic footprintand top line revenue in its Medicaid segment based on its losingbids to retain two of its significant Medicaid contracts in NewMexico and Florida (the company was invited to participate in onlyone of 11 counties in Florida). These contracts represent about 14%($2 billion) of total premium for the first nine months ended Sept.30, 2017. The downgrade also reflects S&P's view that Molina facesoperational challenges building out its care-management model toreduce its overall medical loss ratios in certain markets toimprove its earnings in 2018-2019, as well as other operationalchallenges to turn around its earnings trajectory.

S&P said, "The stable outlook on Molina Healthcare Inc. reflectsour expectations for the company to maintain a meaningful presencein the managed Medicaid market and improve its core operations,operating earnings, and financial flexibility during the next 12months. For 2018-2019, we forecast EBIT return on revenues (ROR) of2%-3%. We expect leverage to improve to the lower end of the48%-53% range through 2019 with adjusted EBITDA interest coverageexpectation of 4x-6x.

"We could lower our ratings if Molina does not improve its RORtowards 2% and if it can't retain other key Medicaid contractrenewals. We could also lower our ratings in the next 12-24 monthsif Molina adopts a more-aggressive financial policy with nomeaningful deleveraging below 50%, EBITDA interest coverage fallsbelow 4x and capital adequacy is not maintained at least at the'BBB' level per our model.

"Although unlikely within the next 12 to 24 months, we may raisethe ratings if Molina adopts more-conservative financial policiesto manage its long-term financial leverage closer to 40%, sustainsstronger capital adequacy, and shows a higher commitment andability to generate an EBIT ROR above 2% that is consistently morein line with peers'."

MOUNTAIN CRANE: Committee Taps Archer & Greiner as Legal Counsel----------------------------------------------------------------The official committee of unsecured creditors of Mountain CraneServices LLC seeks approval from the U.S. Bankruptcy Court for theDistrict of Utah to hire Archer & Greiner, P.C. as its legalcounsel.

The firm will assist the committee in its negotiations with theDebtor; investigate the Debtor's assets and pre-bankruptcy conduct;advise the committee regarding the terms of any asset sale orbankruptcy plan; and provide other legal services related to theDebtor's Chapter 11 case.

The firm's hourly rates range from $265 to $550 for its partnersand counsel, $210 to $395 for associates, and $70 to $250 forparalegals.

Mountain Crane Service, LLC -- https://www.mountaincrane.com/ --specializes in refinery turnarounds and has a fleet comprised ofover 100 cranes, and hundreds of other pieces of equipmentdedicated to refineries in Utah, Montana, and Wyoming. It islocated in Salt Lake City, Utah, with satellite offices and windmaintenance service locations in Montana, Nevada, Washington,Idaho, Wyoming, Iowa, Texas and Michigan.

MGC's ratings reflect its small scale as a local distributioncompany (LDC) operating in a restrictive regulatory environment.The use of historical test years and the absence of revenuedecoupling or weather normalization in West Virginia continue toweigh on MGC's credit profile, in Fitch's view. MGCs EasternPanhandle expansion project is the key driver of a relativelyelevated capex over the forecast period. The infrastructurereplacement and expansion program (IREP) rider partly alleviatesregulatory lag, and is credit positive, in Fitch's view. Despitethe large capex program, Fitch expects MGC's financial profile toremain in line with existing ratings over 2018-2021.

KEY RATING DRIVERS

Small Scale of Operations: The ratings of Mountaineer Gas Company(MGC) are restricted by the utility's small scale of operations.Over the last three years, MGC's EBITDAR and FFO has averaged lessthan $30 million per year making MGC one of the smallestinvestor-owned natural gas distribution utilities rated by Fitch.Small changes in revenue or expenses can have a large impact onfinancial metrics, causing the utility to be more vulnerable toexternal shocks.

Challenging Regulatory Environment: Fitch regards West Virginia'sregulatory environment as challenging. The Public ServiceCommission of West Virginia (PSCWV) does not allow MGC to userevenue decoupling or weather normalization. In addition, thePSCWV's use of a historical test year for rate case decisions makesit difficult for MGC to earn its authorized return on equity (ROE).However, the PSCWV's implementation of an infrastructurereplacement and expansion program (IREP) cost recovery riderpartially mitigates regulatory lag.

Supportive, But Volatile, Financial Metrics: Fitch expects MGC'sfinancial profile to remain supportive of the ratings, but thecompany's small size, large seasonal working capital borrowings,and exposure to the effects of weather result in significant swingsin financial metrics, both on a seasonal basis and year to year.Assuming normal weather, Fitch expects adjusted debt/EBITDAR toaverage 4.5x-5.0x, FFO adjusted leverage to average 4.3-4.8x, andFFO fixed-charge coverage to average 4.3x-4.7x through 2021.

Large Capex Program: Capex is expected to be significantly largerover the next several years. Including the Eastern Panhandleexpansion project, capex is expected by Fitch to averageapproximately $40 million-$50 million per year over 2018-2021. Alarge portion of capital expenditure spend is earmarked for theEastern Panhandle expansion project, which is designed to providenatural gas distribution service to unserved and underserved areasin northeastern West Virginia. The inclusion of the EasternPanhandle capex in MGC's IREP cost recovery rider helps toalleviate concerns related to MGC's large capex program.

Improved Financial Flexibility: In December 2017, MGC refinancedits $70 million 7.58% notes due in 2017 and its $20 million LIBOR +2.50% notes due in 2022. These notes were replaced by threetranches of long-term debt totaling $100 million at significantlylower interest rates. The refinancing of the long-term debtimproved financial flexibility by spreading the maturities over2027, 2029, and 2032 and reducing annual interest expense byapproximately $2 million.

DERIVATION SUMMARY

Mountaineer Gas Company (MGC, BB+/Stable) has a weaker businessprofile than other small local distribution companies (LDC) inFitch's universe such as Berkshire Gas Company (BGC, A-/Stable),Southern Connecticut Gas (SCG, 'BBB+'/Positive), and Public ServiceCompany of North Carolina (PSNC, BBB-/RWE). All three peers operatein more favorable regulatory environments that allow for mechanismsMGC does not have such as revenue decoupling and energy efficiencyriders, key drivers supporting those companies' ratings. Inaddition, MGC's ratings have limited upside due to the company'ssmall scale and a relatively aggressive financial policy due toprivate equity ownership, which Fitch considers to be moderatelycredit negative.

MGC's credit metrics are weaker than its peers and are expected toremain elevated during a heavy capex cycle. As of LTM 3Q 2017,adjusted debt/ EBITDAR and FFO-adjusted leverage metrics at MGCwere 4.3x and 4.0x, respectively, compared with 3.3x and 3.5x atBGC, 3.6x and 3.5x at SCG, and 3.8x and 3.5x PSNC.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Fitch Rating Case for the Issuer -- Fitch expects overall gas demand for years 2018-2021 to be in line with industry averages of 0%-0.5%. -- EBITDA margins average 16.5% in 2018-2021. -- Capex averaging $40 million -$50 million annually in 2018- 2021. -- Normal weather.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead toPositive Rating Action

Positive Rating Action: A positive rating action is not likely,given the small scale of operations, the aggressive financialpolicy of MGC's private equity owners, and the challengingregulatory environment in West Virginia. Implementation of revenuedecoupling and/or other regulatory measures sufficient to provide agreater level of stability and predictability to MGC's creditmetrics would be needed for a ratings upgrade.Developments That May, Individually or Collectively, Lead toNegative Rating Action

Negative Rating Action: A negative rating action is not likely, butcould occur if MGC's private equity owners instituted a moreaggressive financial policy that increased leverage, with adjusteddebt/EBITDAR around 5.0x and FFO fixed-charge coverage less than3.5x on a sustained basis.

LIQUIDITY

MGC's natural gas distribution business is very seasonal, with muchlarger sales during the winter heating season. Short-term debt isused to temporarily fund working capital needs. Short-termborrowings normally peak in late December and generally paid downby the end of the first quarter.

Fitch considers MGC's liquidity to be adequate, primarily supportedby a $100 million unsecured revolving credit facility. Thefive-year facility expires Dec. 1, 2019 and includes an accordionfeature that could expand the facility's size to $170 million toaccount for the possibility of unusually high natural gas pricesand sales volumes that could occur during an abnormally cold winterheating season. Fitch expects this facility to provide MGC withsufficient availability for its working capital needs. As of Sept.30, 2017, $24.5 million of borrowings were outstanding under thefacility, leaving $75.5 million available.

NORTHERN OIL: S&P Cuts CCR to 'CC' on Proposed Debt Exchange------------------------------------------------------------S&P Global Ratings lowered its corporate credit rating on NorthernOil and Gas Inc. to 'CC' from 'CCC+'. S&P said, "We also loweredour issue-level rating on the company's senior unsecured debt to'CC' from 'CCC+'. We will review the recovery rating upon closingof the exchange. The outlook is negative."

The downgrade follows the announcement that Northern Oil and Gashas entered into a privately negotiated agreement to exchange $497million of its 8% senior unsecured notes due 2020 ($700 milliontotal outstanding) for $344 million of new 8.5% second-lien notesdue 2023 and $155 million in equity. In addition to the 8.5% annualcash coupon, the new notes will accrue an additional 1% interestthat is payable-in-kind (PIK) until such time as Northern Oilbrings debt to EBITDA below 3x.

The exchange offer is also contingent upon several items:

-- Northern raising $156 million of additional common equity (upto $78 million of which can be raised through the contribution ofadditional properties in the Williston Basin);

-- Shareholder approval of the issuance of common stock for boththe exchange and the additional equity required;

-- The reincorporation of Northern Oil in Delaware fromMinnesota;

-- Consent of the first-lien lenders for the exchange; and

-- Definitive documentation for the new notes.

S&P said, "We view the proposed transaction as a distressedexchange because although the exchange offer is at nominal parvalue, we believe debtholders are getting less than the originalpromise on the securities due to the extended maturity of the newdebt and the partial conversion to equity (lower ranking in thecapital structure). In addition, we view the offer as distressed,rather than opportunistic, given the company's unsustainableleverage prior to the transaction.

"The negative rating outlook reflects our expectation that we willlower our corporate credit rating on Northern Oil to 'SD'(selective default) and our issue-level rating on the seniorunsecured notes due 2020 to 'D' once the transaction closes. Wewill subsequently review the ratings based on the new capitalstructure."

Upside scenario

S&P could raise the corporate credit rating if the transactiondoesn't close.

"We lowered the rating based in part on our updated criteriapublished on Jan. 3, 2017, and on our view of Nova Academy'sunexpected decline in enrollment in fall 2017, leading to weakenedoperations and coverage," said S&P Global Ratings credit analystRobert Tu. "In our view, the downgrade reflects the school's smallsize, lack of waitlist, and maximum annual debt service coverage of below 1.00x," Mr. Tu added.

Nova Academy is located in Santa Ana, Calif. It commencedoperations in 2005 as a ninth-through 12th grade charter highschool serving only nine students. The academy currently serves 406students as of fall 2017.

The rating affirmation and the Outlook revision to Stable reflectFitch's expectations for moderately higher leverage (total adjusteddebt/adjusted EBITDAR) adjusted for cranberry cost of goods sold(COGS) in the low 3x range due in part to the Atoka CranberriesInc. acquisition versus Fitch prior expectation of leverage beingsustained in the 2.7x-2.8x range. Additionally, Ocean Spray'soperating performance in the first fiscal quarter of 2018 (1Q18;ended November 2017) was weak due primarily to volume-relatedpressure given merchandising changes including the use of privatelabel offerings at one of Ocean Spray's largest North Americanbeverage customers. Consequently, given this pressure and the slowramp-up from new business initiatives, Fitch expects Ocean Spraywill be challenged to sustain low-single-digit revenue growth overthe next 12-18 months. LTM revenues declined at a low-single digitrate.

Fitch views the announced acquisition of Atoka as beneficial toOcean Spray's business profile. The transaction will resolvecapacity constraints for sweetened dried cranberry (SDC) processingwith Ocean Spray expecting to make additional capital investmentsduring the next year to further increase efficiency and improveyield. The transaction also expands Ocean Spray's manufacturingfootprint in Quebec, the second-largest and fastest-growingcranberry farming region globally, with greater exposure to organiccranberries that should support innovation efforts. Lastly, OceanSpray's decision to increase equity retention enhances flexibilityto pay down amortizing debt and limit overall debt increasesrelated to the Atoka acquisition over the rating horizon.

KEY RATING DRIVERS

Market Leadership, Brand Equity: Ocean Spray's market niche withits premium, highly recognizable brand has generated a good levelof consistent profitability despite the competitive landscape. Afocus on beverage and snack innovation, particularly developing newflavored blends, is a critical component of the company's strategythat partially mitigates its relatively narrow product line whichis primarily dependent on a single fruit. However, Fitch believesOcean Spray needs to improve execution in other areas of newproduct innovation, marketing and distribution to drive sustainablelow-single-digit top-line trends. Fitch expects operatingperformance improvement will build throughout the remainder of thefiscal year due to corrective actions taken and as SDC pricingimproves.

Concentrate Supply/Demand Imbalance: During the past decade,cranberry supply has grown faster than demand due primarily togrowers increasing acreage and planting new higher-yieldingcranberry varieties that have increased the supply of juiceconcentrate and, consequently, pressured cranberry prices andper-barrel return rates for growers. The industry cranberry supplydeclined by mid-single digits for the most recent fall harvest,which relieves some pressure on oversupply conditions. Furtherpotential actions being considered by the cranberry industry maysupport additional reductions in supply.

Increasing Grower Equity: Ocean Spray's management and the board ofdirectors have taken steps during the past couple of years toretain more cash by increasing grower equity as a percentage oftotal capitalization. For the current pool year 2016, the boardapproved a plan to extend allocated retained earning redemptionsfrom six years to eight years. When combined with higher equityretains from past larger crops, Ocean Spray is expected to increasegrower equity as a percent of total capitalization over the longerterm in excess of 30%. As of 1Q18 (Nov. 30, 2017), grower equity asa percent of total capitalization was 28% compared with 24% at theend of fiscal 2015.

Low 3x Leverage Expected: Estimated leverage adjusted for cranberryCOGS (total adjusted debt/adjusted EBITDAR) for the LTM ending Nov.30, 2017 was 3.2x, up from 2.7x at the end of fiscal 2017. Theincreased equity retention provides Ocean Spray flexibility torepay amortizing debt during the next several years and limit debtincreases related to the Atoka acquisition. Fitch forecastsleverage in the 3.2-3.3x range for fiscal 2018 and fiscal 2019.Ocean Spray's next upcoming maturity is in 2020 when a $50 millionnon-amortizing term loan matures. Term loan amortizations are $25million the next three fiscal years.

DERIVATION SUMMARY

Ocean Spray's business profile reflects its dominant share in theshelf-stable cranberry juice and dried cranberry segments. OceanSpray's strong focus on innovation in its beverage and snackportfolio particularly with developing new flavored blends is acritical component of the company's strategy that partiallymitigates a relatively narrow product line that is primarilydependent on a single fruit.

Larger, well-capitalized beverage companies like PepsiCo (A/Stable)and Coca-Cola (A+/Negative) have much stronger business profilesthan Ocean Spray and remain a material threat given substantiallygreater scale and financial resources, significantly strongerglobal market positions with well-developed expansive distributionchannels, sophisticated marketing capabilities and wide range ofstrong brands that target different types of consumer andconsumption patterns. Ocean Spray has a stronger financial profilethan Land O' Lakes (BBB-/Stable) with much stronger FFO and EBITmargins and materially less earnings and working capitalvolatility.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Fitch Rating Case for the Issuer -- In fiscal 2018, Fitch expects Ocean Spray revenues will decrease in the mid-1% range. In fiscal 2019, Fitch expects revenues flat to down slightly; assumptions include the Atoka acquisition; -- Cranberry COGS adjustment to revenue in the mid-single digits for imputed cost of cranberries; -- EBITDAR margins (without cranberry COGS adjustment) of approximately 23% throughout the forecast period; -- Ocean Spray is expected to derive cash flow benefits related to cash retention from increased grower equity; -- Leverage (total debt-to-adjusted operating EBITDAR with COGS adjustment) to be in range of 3.2x-3.3x throughout the forecast period.

the lower 20% range; -- Lack of appropriate level of external liquidity with sufficient covenant capacity in the event of a material revolver draw-down. -- Persistent industry oversupply that causes per-barrel patronage rates to fall materially for a sustained period of time.

LIQUIDITY

Sufficient Liquidity: Ocean Spray has an $820 million creditagreement including a $300 million revolving commitment with a $100million uncommitted accordion that matures in 2020. Liquidity atthe end of 1Q18 included $17 million of cash with approximately$147 million in availability under the revolving facility. Fitchbelieves Ocean Spray maintains an appropriate level of externalliquidity with sufficient covenant capacity under the debt toconsolidated capitalization and consolidated shareholders' equitycovenants. This also provides Ocean Spray with sufficient cushionif capital market access becomes limited.

Ocean Spray's business profile and financial flexibility arefactors that constrain its ratings. Like other cooperatives, OceanSpray pays out a high percentage of its patron earnings throughcash payments to its grower-owners, which can leave the companysignificantly more reliant on external sources of liquidity,particularly in times of high investment. In addition, the highmember cash payments can hinder the company's ability to deleveragefollowing increases in debt. However, the increased equityretention during the next several years provides Ocean Spray withmore flexibility with its capital allocation priorities.

ON ASSIGNMENT: Moody's Affirms 'Ba2' Corporate Family Rating------------------------------------------------------------Moody's Investors Service affirmed On Assignment, Inc.'s CorporateFamily Rating (CFR) at Ba2 and its Probability of Default Rating(PDR) at Ba3-PD. Concurrently, Moody's affirmed the Ba2 rating ofthe $578 million first lien term loan due 2022, and assigned a Ba2rating to each of the proposed $822 million incremental first lienterm loan due 2025 and the extended $200 million revolver due 2023.Moody's upgraded On Assignment's Speculative Grade Liquidity (SGL)rating to SGL-1 from SGL-2. The ratings outlook is stable.

On Assignment is issuing the incremental term loan to finance itsacquisition of ECS Federal LLC (ECS) for $775 million. ECS, whichgenerated an estimated $586 million in revenue during 2017, is agovernment services contractor that provides cybersecurity,software development, and science and engineering solutions.Subject to regulatory approvals, the transaction is expected toclose in early April 2018. Initially, the acquisition will befunded via a partial draw on the incremental term loan and a sellernote. Shortly thereafter, the seller note would be refinanced andthe remainder of the incremental term loan drawn. Concurrent withthe closing of the transaction, On Assignment plans to change itsname to ASGN Incorporated.

The affirmation of On Assignment's Ba2 CFR reflects Moody'sfavorable view of the ECS acquisition. It also reflects OnAssignment's commitment to reducing leverage, its solid free cashflow generation and established record of deleveraging after priordebt-funded acquisitions. The acquisition of ECS further increasesOn Assignment's scale and provides an established, competitiveposition in the government services contractor market. Pro formafor the acquisition, On Assignment's debt-to-EBITDA (Moody'sadjusted, including stock-based compensation and capitalizingoperating leases), will increase to about 3.9x from about 2.2x(based on estimated 2017 data). Although this level of leverage ishigh for the rating level, the affirmation reflects Moody'sexpectation for the company's leverage to decline to 3.3x by theend of 2018 and below 3x by the end of 2019.

Upgrades:

Issuer: On Assignment, Inc.

-- Speculative Grade Liquidity Rating, Upgraded to SGL-1 from SGL-2

Assignments:

Issuer: On Assignment, Inc.

-- Senior Secured Bank Credit Facility, Assigned Ba2 (LGD3)

Outlook Actions:

Issuer: On Assignment, Inc.

-- Outlook, Remains Stable

Affirmations:

Issuer: On Assignment, Inc.

-- Probability of Default Rating, Affirmed Ba3-PD

-- Corporate Family Rating, Affirmed Ba2

-- Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD3)

The following rating at On Assignment, Inc. remains unchanged andwill be withdrawn upon the closing of the transaction:

On Assignment's Ba2 CFR reflects the company's position as one ofthe leading providers of professional staffing services, largeoperating scale in a fragmented industry, and focus on skills withhigh bill rates that drive low double-digit EBITDA marginssupportive of strong free cash flow generation for deleveraging.Moody's expects organic revenue growth at a rate in the mid-singledigit percentages over the next 12 to 18 months driven by demandfor information technology (IT) staffing in a growing US economy.On Assignment operates in a highly competitive industry and overthe longer term, revenue growth will exhibit variability due to thecyclical nature of demand for its staffing services and highcorrelation with both US GDP and employment growth. The addition ofECS provides diversification of key demand drivers since governmentspending for its services is not dependent on the business cycle asa primary driver. The ECS business provides a degree of revenuevisibility as average contract lengths are five years and thecompany maintains a solid backlog. The IT staffing businessbenefits from demand for professionals possessing specialized skillsets driven by ongoing technology changes. As unemployment remainslow, the company's challenges include maintaining a large pool ofcandidates with the skills that are in demand by its customers andmanaging the bill/pay rate spread that drives its margins. Moody'sexpects On Assignment to generate over $200 million in free cashflow over the next 12 to 18 months that supports deleveragingability enabling deleveraging to the low 3x area.

The stable rating outlook reflects Moody's expectation thatrevenues will grow at rates in the mid-single digits and thatdebt-to-EBITDA will decline to the low 3x area over the next 12 to18 months.

Factors that could lead to an upgrade include strong revenue andearnings growth, Moody's expectation that debt-to-EBITDA will besustained below 2.5x, and free cash flow to debt above 15% whilemaintaining good liquidity, including through a downturn.

Factors that could lead to a downgrade include a significantdeceleration in revenue growth, Moody's expectation thatdebt-to-EBITDA will remain above 3.5x, free cash flow to debt below8%, more aggressive financial policies including additionalleveraging acquisitions prior to debt reduction, or debt-financeddividends or share repurchases.

The principal methodology used in these ratings was Business andConsumer Service Industry published in October 2016.

On Assignment, headquartered in Calabasas, California, is a leadingprofessional staffing firm specializing in the technology,engineering and life sciences, and creative/digital functions. Thecompany generated an estimated $2.6 billion of revenues in 2017.Pro forma for the acquisition of ECS, estimated revenue measured$3.2 billion and the company will have a significant position inthe market for government contractor services.

ON ASSIGNMENT: S&P Rates New $822MM Senior Secured Term Loan 'BB'-----------------------------------------------------------------S&P Global Ratings assigned its 'BB' issue-level rating and '3'recovery rating to On Assignment Inc.'s proposed $822 millionsenior secured term loan due 2025. The '3' recovery ratingindicates our expectation for meaningful recovery (50%-70%; roundedestimate: 50%) of principal in the event of a payment default. The issue-level and recovery ratings are in line with S&P'sexisting ratings on the company's $200 million senior securedrevolving credit facility and $594 million ($578 millionoutstanding) senior secured term loan due 2022.

On Assignment will use the proceeds from the new issuance to fundits $775 million acquisition of ECS Federal LLC, a federal ITstaffing provider, and to pay related fees and expenses.

The notification of disposition of the Debtor's property refers toa certain Uniform Commercial Financing Statement by the Debtor, infavor of a certain secured party, filed on June 28, 2016, as fileno. 20163886510, with the Delaware Secretary of State and filed onJune 30, 2016, as filed no. 2016-002-3904-7, with the ArizonaSecretary of State.

Headquartered in San Jose, California, Oncam Inc. --http://www.oncam.com/-- develops a group video calling application software. The company was incorporated in 2012.

PATRIOT NATIONAL: Taps Prime Clerk as Claims Agent--------------------------------------------------Patriot National, Inc., received approval from the U.S. BankruptcyCourt for the District of Delaware to hire Prime Clerk LLC as itsclaims and noticing agent.

The firm will oversee the distribution of notices and themaintenance, processing and docketing of claims filed in theChapter 11 cases of Patriot National and its affiliates.

Fort Lauderdale, Florida-based Patriot National, Inc. --http://www.patnat.com-- through its subsidiaries, provides agency, underwriting and policyholder services to its insurance carrierclients, primarily in the workers' compensation sector. It wasincorporated in Delaware in November 2013. Patriot Nationalcompleted its initial public offering in January 2015 and itscommon stock is listed on the New York Stock Exchange under thesymbol "PN."

PAWN AMERICA: Unsecured Creditors to Get 10% to 15% Over 5 Years----------------------------------------------------------------Pawn America Minnesota, LLC, Pawn America Wisconsin, LLC, andExchange Street Inc.'s third modified disclosure statement providesthat Venture Bank no longer holds a claim in these Chapter 11Cases, and any claim filed in these Chapter 11 Cases will bewithdrawn prior to the confirmation hearing. As such, the Debtorsare not providing for any treatment to Venture Bank and are notsoliciting its vote on the Plan.

Under the Third Modified Plan, General Unsecured Claims areimpaired. Holders holders of Class C1 Claims (Allowed UnsecuredClaims against Pawn America Minnesota, LLC) will receive their prorata share of $347,826.09, paid in five installments of $69,565.22.The first installment payment will be made on March 30, 2018 andthe four subsequent installment payments will be made on or beforeMarch 30th of the four following years. Pawn America Minnesota,LLC believes that, after claim objections, setoffs, and otheradjustments, the overall return to Class C1 Claimants will rangebetween 10 and 15%.

Holders of Class C2 Claims (Unsecured Claims against Pawn AmericaWisconsin, LLC) will receive their pro rata share of $102,173.91,paid in five installments of $30,434.78. The first installmentpayment will be made on March 30, 2018 and the four subsequentinstallment payments will be made on or before March 30th of thefour following years. Pawn America Wisconsin, LLC believes that,after claim objections, setoffs, and other adjustments, the overallreturn to Class C2 Claimants will range between 10 and 15%.

Holders of the Class C3 Claims (Allowed Unsecured Claims againstExchange Street, Inc.) will receive their pro rata share of 20% ofthe gross estimated liquidation value of the assets owned byExchange Street, Inc. (the other 80% will go toward TBK's loanbalance). The gross liquidation value of the assets as of October31, 2017 was $54,020. The Debtors estimate a gross distribution toClass C3 Claims in the amount of $10,000 on the Effective Date.

A hearing to consider confirmation of the plan was held on January30, 2018 at 1:30 p.m. in Courtroom 2C, United States Courthouse,316 North Robert Street, St. Paul, Minnesota.

A full-text copy of the Third Modified Disclosure Statement datedDecember 21, 2017, is available at:

Founded in 1991, Pawn America -- http://www.pawnamerica.com/-- is engaged in the business of retail sale of used merchandise,antiques, and secondhand goods. It currently operates 24 stores inMinnesota, Wisconsin, South Dakota, and North Dakota and employsmore than 500 people. It also founded and operates Payday America,CashPass and MyBridgeNow.

Pawn America Minnesota, LLC dba Pawn America, and its affiliatesPawn America Wisconsin, LLC, and Exchange Street, Inc., filedChapter 11 petitions (Bankr. D. Minn. Lead Case No. 17-31145) onApril 12, 2017. In the petitions signed by Bradley K. Rixmann,chief manager, each of the Debtors estimated $10 million to $50million in both assets and liabilities.

On April 25, 2017, the U.S. Trustee for Region 12 appointed anofficial committee of unsecured creditors. Foley & Mansfield,PLLP, is bankruptcy counsel to the committee. The Committeeretained Platinum Management, LLC as financial advisor.

PAYAM NAWAB: Bhat Buying Rockville Property for $197K-----------------------------------------------------Payam Nawab asks the U.S. Bankruptcy Court for the District ofMaryland to authorize the private sale of the real property locatedat 10201 Grosvenor Place, #1125, Rockville, Maryland to ArchanaBhat for $197,000.

A hearing on the Motion is set for March 14, 2018 at 10:00 a.m. The objection deadline is Feb. 21, 2018.

Among the assets the Debtor listed in the Debtor's Bankruptcy Casewas the Grosvenor Property. The Grosvenor Property is an asset ofthe Biabani Nawab Partnership, Tax EIN **-8884669. Title to theGrosvenor Property is held in the name of the Debtor and BorzouBiabani as joint tenants.

The Debtor scheduled the Property as having a fair market value of$239,846, subject to a mortgage with a balance of $170,928. TheDebtor is listed on the title to the Grosvenor Property, but is notliable on the mortgage loan held by Ocwen Loan Servicing, which isthe sole lien securing the Grosvenor Property.

On Jan. 22, 2018, Biabani entered into a Contract of Sale of theGrosvenor Property to the Buyer, an unrelated third party, for thesum of $197,000, with $10,000 earnest money.

The Debtor asks authority to sell the Grosvenor Property pursuantto Section 363(b) of the Bankruptcy Code and to apply the proceedsof the sale toward the satisfaction of all closing costs and thesecured claim held by Ocwen Servicing Center or any successorlienholder. The Debtor believes the Purchase Price to be fair andreasonable and will be sufficient to satisfy the mortgage lien withan approximate balance of $168,000, with the net proceeds beingdivided equally between the Debtor and Biabani after payment ofclosing costs.

PKC ENTERPRISES: Taps David L. Buterbaugh as Accountant-------------------------------------------------------PKC Enterprises Inc. received approval from the U.S. BankruptcyCourt for the District of Arizona to hire David L. Buterbaugh,P.C., as its accountant.

The firm will assist the company and its affiliates in preparingtheir federal and state income tax returns due during the pendencyof their Chapter 11 cases.

The firm's hourly rates range from $115 to $195. Merran Terrani,the accountant who will be providing the services, will charge $185per hour.

Buterbaugh will receive a retainer in the sum of $5,000.

The firm is "disinterested" as defined in Section 101(14) of theBankruptcy Code, according to court filings.

Based in Yuma, Arizona, PKC Enterprises, Inc., d/b/a Diamond BrooksWater -- http://diamondbrooks.com/-- is a family-owned company that has been providing drinking water to homes and businesses forover 28 years. Diamond Brooks has 23 water vending kiosks and afleet of delivery trucks and employees that help produce anddeliver more than 38,000 gallons of water each day.

PKC Enterprises filed a Chapter 11 petition (Bankr. D. Ariz. CaseNo. 17-13961) on Nov. 25, 2017. The petition was signed by PhilipClark, its president. In its petition, the Debtor estimated$500,000 to $1 million in assets and $1 million to $10 million inliabilities.

Preferred is authorized to pay directly from escrow: (i) RealProperty Taxes; (ii) all amounts due to USI Servicing, Inc., otherthan the disputed interest (estimated to be $2,550,256 as of Jan.31, 2018); (iii) Edward Keane; (iv) Sal S. Zagari; (vi) a salescommission to Holly Bennett with Sotheby's International, aCalifornia licensed Real Estate Broker, in an amount equal to 2.5%of the sale price; (vi) a sales commission to Donald Van de Markwith Sotheby's in an amount equal to 2.5% of the sale price; (vii)all reasonable and customary escrow fees, recording fees, titleinsurance premiums, and closing costs necessary and proper toconclude the sale of the Property; (viii) $650,000 to MichaelFallon, counsel for Preferred, and Simon Aron, counsel for USIServicing, Inc., solely in their capacity as counsel for theirrespective clients, for deposit to an interest bearing, segregatedtrust account at American River Bank to be held in trust pendingfurther order of the Court; and (ix) the net proceeds to PreferredVintage, LLC to be held in a DIP account pending further order ofthe Court.

The disputed lien of USI Servicing, Inc. will attach to theproceeds of sale held in the Trust Account by Michael Fallon andSimon Aron with the same validity, priority and effect as existedagainst the Property, with Debtor and USI Servicing, Inc. reservingall of their respective rights, claims, causes of action, remediesand defenses regarding the disputed lien proceeds.

The assets being sold include the furniture, window treatments,fixtures, equipment, Alphacomm accessories for cell phonedemonstration, and signage belonging to the Debtor at each storelocation, plus the rights of the Debtor in the Metro PCS cellulartelephone dealerships at each of the eight locations. The MetroPCS dealerships are subject to the regular terms and conditions ofsuch dealerships.

The Debtor has represented that Mssrs. Han and Yi or entitiescontrolled by them are already approved Metro PCS dealership ownersat other locations and that Metro PCS, which has been notified ofthe Motion to Sell and Assign, has not objected and consents to thesale and assignment.

The transaction also includes the assignment of all of the Debtor'srights and interests in the leases of the eight stores, subject tothe consent of the landlords. Those that have asked for qualifyingfees are to be paid by Telecell NM, LLC. The rent for each leaseis to be prorated to the date of closing. The security deposits onhand with each landlord are to be assigned to Telecell in exchangefor part of the consideration being paid to the Debtor. Theassigmnent is not to operate by itself as a release of the Debtor'sor Richard Ahn's liability upon the leases, where applicable, inthe event of default thereon by Telecell.

The assignment potion of the transaction also includes the right tooffer continuing employment to any of the employees the Debtor hasat any of the eight stores. It will be up to Telecell to obtainpromptly new utility services for electricity, gas, water, garbagesewer, and telephone as applicable at each store. Any new utilitydeposits will be paid by Telecell. Any refunds of utility depositsare to go to the Debtor. The Debtor will timely pay all utilitiesto date of closing, as nearly as practicable.

The transaction does not include the Debtor's inventory of cellphones. The sale does include the on-hand Alphacomm accessoriesused in demonstrating for those cell phones. Neither does thistransaction include any accounts receivable or accounts payable ofthe Debtor. The Debtor is to remove its existing inventory andthose records to its other locations. It will be up to the Debtorto pay all operating costs of each store, up to the date ofclosing. It will dispose of all trash and throwaways prior toleaving the lease premises, in clean condition.

All assets and interests being purchased and assigned are to beaccepted as is, where is. Telecell is solely responsible forinvestigating the value and condition of the assets and interests. The closing is to be implemented through standard forms ofassignment and purchase documents. Each side will pay its owncounsel for their preparation and/or review and for theirrecording. The closing is to take place as soon as practicable ata location of the parties' choosing. The Court, at the request ofthe Debtor made in open Court, is not insisting that the Order beentered for at least 14 days without an appeal being filed, beforeclosing may occur. The sale price is $560,000, to be paid in cash,including Telecell's earnest money. The sale must include alleight stores, according to the intentions of the parties asexpressed in the attached Asset Acquisition Agreement dated Jan.24, 2018.

From the closing, the Debtor is to disburse funds as follows: (i)$10,000 to E.P. Bud Kirk, its attorney, to defray the fees andexpenses incurred in bringing about and implementing thistransaction; (ii) $400,000 to the first lienholder Metro PCS; and(iii) sufficient stuns to third parties (including local ad valoremtaxing entities) who require contemporaneous payment for theordinary expenses of changing and concluding the ownership of theassets and interests being transferred.

From the remainder of the sale proceeds, the Debtor is to reservethe following:

i. $60,000 to cover estimated United States Trustee's fees forthe first quarter of 2018, which will be paid when due. Any part ofthe $60,000 not needed to cover the actual first quarter UnitedStates Trustee's fees is to be kept in reserve for timely paymentof second quarter 2018 United States Trustee's fees.

ii. $30,000, less the costs described, may be used when neededfor operations in the regular course.

iii. The balance is to remain unspent, and subject to the liensof record on petition date in this case, pending further orders ofthe Court.

The parties will do everything necessary and proper to effectuatethe Sale and Assignment, and in the event of any overlooked detailseach side will make a good faith effort to close this transactionfairly and equitably.

The counsel for the Debtor will forward a copy of the Order to alllandlords, utility companies, lienholders, and other parties ininterest directly affected by it.

About Premier PCS of TX

Based in El Paso, Texas, Premier PCS of TX, LLC, provides computermaintenance and repair services. Premier PCS of TX, based in ElPaso, TX, filed a Chapter 11 petition (Bankr. W.D. Tex. Case No.17-32021) on Dec. 6, 2017. In the petition signed by Richard Ahn,managing member, the Debtor estimated $500,000 to $1 million inassets and $1 million to $10 million in liabilities. The Hon.Christopher H. Mott presides over the case. E.P. Bud Kirk, apartner at the law firm of E.P. Bud Kirk, serves as bankruptcycounsel.

RAGGED MOUNTAIN: Seeks Access to Cash Collateral Through April 30-----------------------------------------------------------------Ragged Mountain Equipment, Inc., seeks authorization from the U.S.Bankruptcy Court for the District of New Hampshire to use cashcollateral during the first interim period, from February 12, 2018through April 30, 2018.

In addition to a retail store and on-line store, the Debtormanufactures products under its own label and also for LLBeanthrough its manufacturing division. The manufacturing division,however, is fairly robust and there are approximately $500,000 inorders from LLBean at this time. The Debtor believes the LLBeanorders can sustain it in the short term. Accordingly, the Debtorseeks an order allowing it to use cash collateral for the firstinterim period to avoid immediate and irreparable harm to itsbusiness.

The Debtor does have several prepetition secured creditors withliens on its assets, but they are junior in priority to seniorsecured lenders.

The Debtor's first lien holder is Eastern Bank, which is owedapproximately $330,000; the Debtor's second all asset lien holderis Northway Bank, who is owed approximately $100,000 on a line ofcredit; and the Debtor's third all asset lien holder is MountWashington Valley Economic Council, who is owed $88,869.

The Debtor believes these are the only secured creditors whoseliens could possibly attach to any assets since their claims totalin the aggregate $518,869 against a maximum value of $154,646 to$472,724 (100% value for inventory) of collateral value.

The Debtor will provide Eastern Bank and all junior lienholders, inthe same order of priority and to the extent their claims attach toany equity under 11 U.S.C. Section 506(b), replacement liens in itsassets consistent with each lender’s prepetition lien. Inaddition, the Debtor will provide monthly reports that are providedto the U.S. Trustee's Office and other reports required by theCourt.

The Debtor's counsel has no retainer and requests the Courtauthorize a retainer post-petition of $5,000 per month to be heldby counsel until approval of fees, as reflected in the budget.

In the petitions signed by Robert D. Nadler, authorizedrepresentative, Ragged Mountain disclosed $627,408 in assets and$2,060,000 in liabilities; and Hurricane Mountain estimated$500,000 to $1 million in assets and $500,000 to $1 million inliabilities.

The Debtors are represented by Steven M. Notinger, Esq. of NotingerLaw, PLLC.

On Nov. 17, 2017, S&P lowered its corporate credit rating on RealIndustry Inc. to 'D' and its issue-level rating on the company'ssenior secured notes due 2019 to 'D', following its voluntaryChapter 11 reorganization on Nov. 17, 2017. The company has notemerged from bankruptcy as of February 6, 2018.

"Concurrently, we lowered our issue-level rating on the company's$500 million notes due 2021 and $450 million notes due 2024 to'CCC' from 'CCC+'. The recovery rating on both remains '5',reflecting our expectation for modest (10%-30%; rounded estimate:15%) recovery of principal in the event of a payment default.

"Our rating action reflects our belief that Revlon's operatingperformance will remain weak and that debt leverage will remainvery high at roughly 9x in the upcoming year. We believe thecompany is dependent on better customer traffic trends and itsability to gain shelf space to meet its financial commitments.However, we believe the company has adequate liquidity for the nextyear to meet its funding needs.

"The outlook is stable and reflects our expectation for modestperformance gains during 2018 as the company benefits frominitiatives to revitalize its brands, faces lower restructuringcosts, and realizes incremental cost synergies from theacquisition. We expect the company to strengthen its cash flowgeneration and maintain adequate liquidity during 2018.

"We could consider a lower rating if the company fails tostrengthen its sales and margins because of intense competition inthe industry such that it continues to generate negative freeoperating cash flows in fiscal 2018.

"We could consider a positive rating action if we believe thecompany will improve its debt leverage toward 8x while consistentlygenerating positive free operating cash flows. Given that we expectonly modest deleveraging during 2018, we forecast that reduction indebt leverage toward 8x could occur in the early of 2019 assumingthe company meets our base case forecast."

RMG ENTERPRISES: U.S. Trustee Unable to Appoint Committee---------------------------------------------------------The Office of the U.S. Trustee on Feb. 6 disclosed in a courtfiling that no official committee of unsecured creditors has beenappointed in the Chapter 11 case of RMG Enterprises, LTD.

ROBERT E. HICKS: U.S. Trustee Forms Two-Member Committee--------------------------------------------------------John P. Fitzgerald, III, Acting U.S. Trustee for Region 4, on Feb.6 appointed two creditors to serve on the official committee ofunsecured creditors in the Chapter 11 case of Robert E. Hicks

The committee members are:

(1) BMC East, LLC c/o Elizabeth (Beth) S. Williams

(2) Mark K. Brown

Official creditors' committees have the right to employ legal andaccounting professionals and financial advisors, at a debtor'sexpense. They may investigate the debtor's business and financialaffairs. Importantly, official committees serve as fiduciaries tothe general population of creditors they represent.

ROBERTSHAW US: Moody's Assigns B2 CFR & Rates 1st Lien Debt B1--------------------------------------------------------------Moody's Investors Service assigned a B2 Corporate Family Rating(CFR) and B2-PD Probability of Default Rating to Robertshaw USHolding Corp. (NEW) (Robertshaw). At the same time, Moody'sassigned a B1 rating to Robertshaw's proposed first-lien seniorsecured term loan and a Caa1 rating to its proposed second-liensenior secured term loan. The rating outlook is stable.

The rating assignments follow the company's plan to raise $605million of new senior secured debt -- a $480 million first-lienterm loan and a $125 million second-lien term loan -- supported bynew sponsor equity to fund the acquisition of Robertshaw by OneRock Capital Partners, LLC (One Rock) from Sun European Partners,LLP (Sun Capital). The purchase agreement includes an earn-outprovision potentially payable to Sun Capital during Robertshaw's2020 fiscal year.

The acquisition involves only a change in ownership and $25 millionof additional debt -- operationally there is no change.

Upon closing of this transaction, Moody's expects to withdraw allratings associated with the previous capital structure andownership, namely the B2 CFR, B2-PD Probability of Default Rating,B1 $470 million first-lien term loan, Caa1 $110 million second-lienterm loan and stable rating outlook.

Moody's assigned the following ratings to Robertshaw US HoldingCorp. (NEW):

- Corporate Family Rating, assigned at B2

- Probability of Default Rating, assigned at B2-PD

- First-Lien Gtd Senior Secured Term Loan assigned at B1 (LGD3)

- Second-Lien Gtd Senior Secured Term Loan assigned at Caa1 (LGD5)

- Rating outlook stable

Moody's expects to withdraw the following ratings of Robertshaw USHolding Corp. upon transaction close:

Robertshaw provides parts/products such as gas valves, top burners,thermostats, electronic control panels, water valves and ignitioncontrols to original equipment manufacturers (OEMs) that areintegral to regulating larger electrical or mechanical equipmentand processes such as appliances and heating, ventilation and airconditioning (HVAC) systems. The rating is supported by thecompany's leading market share positions, end markets that areexpected to grow modestly along with GDP over the next few years,longstanding relationships with a reputable customer base and animproving fixed-to-variable cost structure. Favorable end-marketfundamentals such as an aging installed base (i.e. pent upreplacement demand) of residential appliances and commercial HVACsystems as well as continued strength in home renovation spendingand housing starts support growth prospects and deleveraging. Freecash flow and potential revolver borrowings will likely be devotedto funding the expected earn-out obligation, and debt-to-EBITDAleverage should decline to a level more in-line with Moody'sexpectations for the rating within the next 12-18 months given thecompany's operating profile.

A largely completed transformation of its cost structure, combinedwith fairly robust new product introductions, has the companybetter positioned to offset the ongoing impact from customer priceconcessions. Continuous improvement initiatives will also helpmitigate potential pricing pressure. Margins are periodicallyimpacted by sharp fluctuations in commodity prices (copper,aluminum and brass), but the company has options such as pricingescalators and/or pass-through options built into some contracts tomitigate the impact with a lag. After markedly improving from theinitial impact of the transformation initiatives, Moody's expectsmargins to hold steady with more modest gains over the next twoyears.

Robertshaw's adequate liquidity is supported by approximately $2million of cash on the balance sheet at December 31, 2017 (proforma for the proposed refinancing) and Moody's expectations forannual free cash flow in the $40 million range over the next 18months. The company has a $50 million asset-based lending (ABL)facility, set to expire in 2023 (undrawn at transaction close). TheABL is subject to a springing covenant - minimum fixed chargecoverage ratio of 1.0x - tested only if excess availability is lessthan a specified amount. The term loans do not have financialmaintenance covenants. There are no near-term debt maturities andless than $5 million of annual amortization payments required onthe first-lien term loan. With the ABL and secured term loans,substantially all assets are pledged.

The rating outlook is stable, reflecting Moody's expectations thatrevenue growth will continue at levels consistent with normal GDPexpansion and margins will trend slightly higher over the next twoyears. Free cash flow generation should steadily increase to alevel consistently exceeding 3% of debt by the end of fiscal year2019 (March 2019) with stronger earnings and moderate capitalexpenditure needs that are expected to run at 2-3% of revenues.

Higher than anticipated growth in revenues and margins, buoyed byexpanding end market opportunities and/or a growing pipeline of newproduct introductions, could result in an upgrade. Debt-to-EBITDAbelow 5x on a sustained basis and free cash flow-to-debt in thehigh-single digit range would also be necessary for an upgrade.Additionally, accelerated penetration into the high-margin electricvehicle market would be viewed favorably. The ratings could bedowngraded if debt-to-EBITDA remains above 5.75x or if the EBITDAmargin falls as a result of the inability to offset customer priceconcessions. The lack of positive and increasing free cash flowgeneration as well as organic revenue growth as expected, or aweaker liquidity profile, would also place downward pressure on theratings.

S&P said, "At the same time, we assigned our 'B' issue-level ratingand '3' recovery rating to Robertshaw US Holding Corp.'s proposed$480 million first-lien term loan due 2025. The '3' recovery ratingindicates our expectation for meaningful (50%-70%; roundedestimate: 60%) recovery for lenders in the event of a paymentdefault.

"We intend to withdraw our ratings on the company's existing debtonce the transaction is completed, which we expect to occur in thefirst quarter of 2018. The transaction is subject to customaryclosing conditions and requires regulatory approval in the U.S.,Mexico, and Turkey.

"Our ratings on Robertshaw reflect the company's relatively highdebt leverage, its potentially aggressive financial policies (dueto its ownership by a financial sponsor), and its dependence oncyclical housing starts and consumer spending levels (as housingstarts and consumer spending influence the demand for the homeappliances and commercial applications that Robertshaw's productsare made for).

"The stable outlook on Robertshaw reflects our expectation that thecompany will reduce its debt following its sale to One Rock.Specifically, we expect that it will maintain adjusteddebt-to-EBITDA of less than 7x as the healthy global economy andfavorable durable goods orders and consumer sentiment promotestrong demand for its valves and control products.

"Despite the slower-than-expected production of electric vehiclesand the dip in U.S. new home starts in December, we anticipate thatthe demand for home appliances and HVAC units will remain solid in2018. The company's footprint optimization and continued focus onprocurement and other cost savings should also support itsoperating performance.

"We could lower our ratings on Robertshaw if a significant declinein its earnings or a large debt-financed acquisition or shareholderreturn cause its total debt-to-EBITDA to exceed 7x without clearprospects for recovery. This could occur if the company facesoperational challenges following unexpected volume declines causedby reduced sales of home and commercial appliances, a significantincrease in metals prices and other costs, the loss of keycustomers, or an inability to win business on new productplatforms. Based on our downside scenario, this could occur ifRobertshaw's revenue and operating margins both weaken by more than200 basis points (bps).

"While Robertshaw's credit measures could improve meaningfully ifthe projected growth of its electric vehicle sales comes tofruition and its cost structure remains manageable, we would likelyrequire One Rock to commit to more conservative financial policiesbefore we would consider upgrading the company."

For a modest upgrade, the company would need to commit to--anddemonstrate a track record of--operating with debt-to-EBITDA of4x-5x, a FFO-to-debt ratio at the higher end of the 12%-20% range,and a consistently positive free cash flow-to-debt ratio with noprospects for material deterioration over the near term. A moresignificant upgrade would depend on whether the company canmeaningfully strengthen its business risk profile by enhancing itsscale, increasing its market share, or improving its pricing andoperating efficiencies.

ROCK STAR CHEF: Plan Outline Has Conditional Court Approval-----------------------------------------------------------The U.S. Bankruptcy Court for the District of Puerto Ricoconditionally approved the disclosure statement explaining RockStar Chef Corporation's small business plan of reorganization.

The Plan proposes a 2.05% recovery for holders of general unsecuredclaims.

Class 1 - Holders of General Unsecured Claims are impaired and willreceive payment 2.05% of their Allowed Claims within the 30 daysafter the Effective Date of the Plan, without interest. Allowedgeneral unsecured claims total $48,777.69.

Holders of Allowed Priority Tax Claims will be paid prorata indeferred equal consecutive monthly installments of $2,348.00commencing on the 7th month after the Effective Date of the Planand continuing on the last day of each month thereafter over a60-month period after the Effective Date, equal to the full amountof such Allowed claim plus 3.5% per annum interest. Payment infavor of priority creditor "Centro de Recaudacion de IngresosMunicipales" ("CRIM") for $385.36 will be made on the EffectiveDate of the Plan.

The source of payments under the proposed Plan will come from theoperation of Debtor's business.

S&P said, "The downgrade reflects our view of Ryder's weakenedoperating and financial profiles and ongoing uncertainty related tothe hospital's ability to return to full operations following thedevastating impact of Hurricane Maria. Management indicates Ryder'smain hospital is significantly damaged, having been closed sincethe storm. Working from a temporary location, outpatient services are open, but inpatient services have been very limited.Ryder continues to rely on generators for power, because there isstill no electricity across much of the island, especially in thehospital's service area. In addition, management has been unable toprovide us with updated financial statements. Management hasindicated it will pay its next debt service payment through itsdebt service reserve fund. We believe Ryder is vulnerable todefault given the catastrophic damage to the hospital's operationsand cash flow, combined with the very limited liquidity. In our view, there is a moderate likelihood that Ryder will not make debtservice payments in the next two years, because the recovery willbe long and volumes and cash flow are very weak."

The hospital's operating profile includes a dominant market shareacross a large primary service area, although its populationcontinues to decline and carries weak wealth and income indicators.In recent years, Ryder's financial profile has been vulnerable,with weak financial operating performance and thin balance-sheet metrics for the rating level. The hospital'srevenue base is small and relies heavily on governmentreimbursement. Although insurance is covering hurricane damage,management indicated there are potential delays in the payment ofproceeds, which could affect the timing of the facility's repairsand further stress Ryder's operating profile. Given these expected

delays, overall liquidity has declined to the point wheremanagement will pay debt service from the debt service reserve.Although it has not seen formal financial results, S&P believes thedraw means the hospital has a bare minimum of working capital andlittle-to-no reserves.

The negative outlook reflects the uncertainty of Ryder's ability toresume historical operations and volumes, both of which werestrained prior to the hurricane. Furthermore, delays in insuranceproceeds and government aid, coupled with extensive repairs to thefacility, will likely mean liquidity and operational capacity willremain at dangerously low levels indefinitely. Together, thesefactors threaten the hospital's ability to pay its debt servicepayments.

S&P said, "We could lower the rating if Ryder's financial profileindicates a greater likelihood of default on its bondobligations."

While a higher rating is unlikely in the outlook period, an outlookrevision to stable is possible if Ryder stabilizes factors thatwill lead to a near-term rebound of volumes, revenue, andoperations. In addition, if the hospital generates even a modestincrease in unrestricted reserves, S&P would view this favorably incombination with stabilized operations.

SAMUEL WYLY: Fain Buying Arlington Stoneridge Interest for $68K---------------------------------------------------------------Samuel Evans Wyly and Robert Yaquinto, Jr., the duly-appointedchapter 7 Trustee of Caroline D. Wyly, ask the U.S. BankruptcyCourt for the Northern District of Texas to authorize the privatesale of their interest in Arlington Stoneridge Associates, Ltd. toVirginia Fain for $67,500.

Objections, if any, must be filed within 21 days from the date theMotion was served.

In 1979, the Debtor and Charles Wyly both invested in the ArlingtonStoneridge, which owns a strip shopping center, consisting of twobuildings, at 2306 S. Collins St., in Arlington, Texas. Originally, they each purchased one "unit" interest in ArlingtonStoneridge.

In 1992, pursuant to his divorce with Victoria Wyly, the Debtorassigned one half of his interest in Arlington Stoneridge toVictoria Wyly, leaving him with one-half unit interest in ArlingtonStoneridge.

On Dec. 19, 2016, following the conversion of Dee's Case to chapter7, Dee Wyly filed her schedules and statements. In Schedule A/B,she listed LP Interest in Arlington Stoneridge Associates, with acurrent value of $74,576.

On information and belief, for a number of years, the ShoppingCenter has been distressed, and the general income level ofresidents in the surrounding neighborhood has declined. Additionally, on information and belief, although the ShoppingCenter is seeking new tenants, it is currently only 35% occupied. Further, on information and belief, administrative and otherexpenses related to leasing the Shopping Center in the future willfurther burden Arlington Stoneridge.

Haydn Cutler Co. serves as property manager, leasing agent andgeneral partner for Arlington Stoneridge. On information andbelief, with the Shopping Center vacancies, Arlington Stoneridge'slimited cash flow, the decline of the surrounding neighborhood, andthe reduced marketability of the Shopping Center, Haydn hasassisted with the sale of other limited partners' interests. Recent purchases of interests in Stoneridge Arlington include:one-third of a unit for $15,000 in September 2017; one unit for$42,500 in September 2013; and four units for $188,000 in April2008. Haydn has provided an executive summary of the Wylyinterests in Arlington Stoneridge, including recent transfers ofinterests in partnership units.

The proposed Buyer, Ms. Fain, who currently owns a small interestin Arlington Stoneridge, has offered to purchase the Debtor's halfunit for $22,500 and the unit owned by Charles Wyly's ProbateEstate for $45,000, which is consistent with recent purchases ofpartnership interests in Arlington Stoneridge. The sale will befree and clear of interests. On information and belief, the Buyeris fully capable and ready to close on the sale of the Wylyinterests in Arlington Stoneridge.

The Buyer is not a member of the Wyly family or affiliated with anyWyly entity. With respect to the sale of Sam Wyly's half-unitinterest in Arlington Stoneridge, the Department of Justice hasgiven its approval to such sale as outlined.

The Movants, in their sound business judgment, believe that theprivate sale of the Arlington Stoneridge Interests to the Buyer asset forth maximizes the value received by the estate. Additionally, the Sale as proposed herein will eliminate anypotential future financial burdens and administrative expenses ofSam Wyly and the Probate Estate, and therefore the Dee Wyly estate,in relation to their Arlington Stoneridge Interests. Accordingly,the proposed Sale of the Arlington Stoneridge Interests has a soundbusiness justification and should be approved.

The Movants ask that the order approving the sale be effectiveimmediately by providing that the 14-day stay under Bankruptcy Rule6004(h) is waived. So that the Debtors' estates may avoid anyfurther administrative or related expenses in relation to ArlingtonStoneridge, waiver of the stay is justified.

About Sam Wyly

Samuel Wyly is a lifelong entrepreneur and author. His first book,1,000 Dollars & An Idea, is a biography that tells his story ofcreating and building companies, including University Computing,Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse. His second book, Texas Got It Right!, co-authored with his son,Andrew, was gifted to roughly 450,000 students and teachers,thought leaders, and readers, and continues to be a best-seller inits Amazon category.

In September 2014, a federal judge ordered Mr. Wyly and the estateof his deceased brother to pay more than $300 million in sanctionsafter they were found guilty of committing civil fraud to hidestock sales and nab millions of dollars in profits.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr. N.D.Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judgeordered him to pay several hundred million dollars in a civil fraudcase.

On Dec. 2, 2014, the Court entered an order appointing an officialcommittee of unsecured creditors in Sam's Case.

On Nov. 23, 2016, the Court converted Dee's Case to a case underchapter 7 of the Bankruptcy Code and terminated the jointadministration of the bankruptcy cases. Robert Yaquinto, Jr., wassubsequently appointed as the chapter 7 trustee to administer DeeWyly's bankruptcy estate.

"Sanchez's ratings reflect its single basin concentration in theEagle Ford Shale, and high debt levels relative to profitability,cash flow and proved developed (PD) reserves," commented AndrewBrooks, Moody's Vice President. "Moreover, while the company hasgenerated strong production growth through its acquisition ofadditional Eagle Ford acreage in March 2017, a large portion of thecash flow generated by this production is unavailable to serviceSanchez's existing debt by virtue of the structure employed tofinance this acquisition."

Assignments:

Issuer: Sanchez Energy Corporation

-- Senior Secured First Lien Notes, Assigned B1 (LGD2)

Outlook Actions:

Issuer: Sanchez Energy Corporation

-- Outlook, Remains Stable

Affirmations:

Issuer: Sanchez Energy Corporation

-- Probability of Default Rating, Affirmed B3-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

-- Corporate Family Rating, Affirmed B3

-- Senior Unsecured Notes, Affirmed Caa1 (LGD4)

RATINGS RATIONALE

Sanchez's B3 CFR reflects its single basin concentration, elevatedleverage metrics and structural complexity. However, Sanchez'sstrategic partnership with funds managed by Blackstone EnergyPartners (Blackstone) to acquire in March approximately 155,000 netacres in the Western Eagle Ford Shale considerably enlarges itsEagle Ford footprint. This $2.3 billion (gross) "Comanche"acquisition is contiguous to Sanchez's successfully developedCatarina acreage, the source of most of the company's productionprior thereto.

Sanchez's cost structure is much improved and the company willfocus drilling primarily on its highest return acreage in Catarinaand Comanche, which will account for approximately 90% of itsproduction volume. As a function of the Comanche acquisition, alarge increase in production began in 2017's second quarter,growing to 81,977 barrels of oil equivalent (Boe) per day in 2017'sfourth quarter, of which 68% was liquids. While the 64% fourthquarter production increase over year-ago levels is substantial, alarge portion of the cash flow generated by the acquired productionis "ring-fenced" from Sanchez until the debt and preferred equityobligations within a new unrestricted subsidiary (UnSub)established to facilitate the acquisition are retired. Creditaccretion to the existing Sanchez lenders attributable theacquisition is therefore effectively limited. Moody's considersthis structural separation into the assignment of Sanchez's ratingsgiven that it has no recourse to Sanchez's assets outside of theunrestricted subsidiary, nor does Sanchez debt have recourse to theassets of UnSub.

Moody's considers Sanchez's liquidity to be adequate as evidencedby its SGL-3 liquidity rating. Liquidity is a function of Sanchez's$174 million cash balance as of September 30, and the proceeds ofits proposed $400 million first lien notes, which has been sized tomeet the funding needs of further developing the acquired Comancheacreage over the next several years. Sanchez's $350 million securedborrowing base revolving credit facility, under which $95 millionis outstanding, will be terminated upon closing of the notesoffering. The company intends to enter into a new $25 millionsecured revolver for letter of credit and working capital needs.UnSub maintains a $330 million borrowing base revolver. AtSeptember 30, $175.5 million was outstanding under this facility,whose scheduled maturity is March 1, 2022. Sanchez's next upcomingdebt maturity is its $600 million 7.75% unsecured notes due in June2021.

The proposed $400 million first lien notes are rated B1,two-notches above the B3 CFR given the superior position thesecured notes occupy in the capital structure, and reflecting theirpriority claim to Sanchez's assets, excluding the assets held byUnSub. Given the company's structural complexity and Moody'sexpectation that the mix of Sanchez's secured and unsecured debtwill evolve over time, Moody's regards the B1 rating assigned tothe first lien notes to be more appropriate than the Ba3 ratingotherwise suggested by Moody's Loss Given Default Methodology.

The rating outlook is stable. Sanchez's ratings could be upgradedupon a consolidation of Sanchez's UnSub, which would bedeleveraging. Ratings could also be upgraded if consolidatedretained cash flow (RCF) to debt is sustained over 15%. Ratingscould be downgraded should EBITDA to interest coverage drop below2x or should liquidity materially deteriorate.

The principal methodology used in these ratings was IndependentExploration and Production Industry published in May 2017.

Sanchez Energy Corporation is an independent oil and gasexploration and production company with producing operationsfocused on the Eagle Ford Shale in South Texas, headquartered inHouston, Texas.

S&P said, "At the same time, we assigned our 'BB-' issue-levelrating (two notches above the corporate credit rating) to Sanchez'proposed $400 million senior secured notes due 2023. The recoveryrating is '1', indicating our expectation of very high (90% to100%; rounded estimate: 95%) recovery in the event of a paymentdefault.

"We also affirmed the 'B-' issue-level rating on the company'ssenior unsecured debt. The recovery rating on the unsecured debt is'5', indicating our expectation of modest (10%-30%; roundedestimate: 25%) recovery in the event of a payment default.

"The outlook revision reflects our revised, lower, productionassumptions of 90,000 barrels of oil equivalent per day (boe/d) for2018 and 96,000 boe/d next year, and the company's capitalstructure pro forma for the proposed notes issuance. As a result,we no longer expect the company's credit measures to improve in2018. We now estimate funds from operations to debt will be in the12% to 15% range and debt to EBITDA in the 5x area in 2018 and2019.

"The stable outlook reflects our view that Sanchez will continue togrow its reserves and production while maintaining FFO/debt ofabout 12% and debt/EBITDA at about 5x on average over the next twoyears.

"We could lower the rating if we expected FFO/debt to fall below12% or debt/EBITDA to be well in excess of 5x with no near-termremedy, or if liquidity deteriorated. This would most likely occurif the company did not meet our oil production growth expectations,capital spending exceeded cash flows by significantly more thancurrently contemplated, or if commodity prices were tosignificantly weaken.

"An upgrade would be possible if we expected FFO/debt to approach20% and or debt/EBITDA to get closer to 4x, and remain at theselevels on a sustainable basis. This would most likely occur if thecompany exceeded its production guidance or if commodity pricesstrengthened meaningfully."

SCANA CORP: Moody's Lowers Senior Unsecured Debt Rating to Ba1--------------------------------------------------------------Moody's Investors Service downgraded the ratings of South CarolinaElectric & Gas Company (SCE&G, senior unsecured to Baa3 from Baa2),and its parent company SCANA Corporation (SCANA, senior unsecuredto Ba1 from Baa3) and continued the review for downgrade that beganon November 1, 2017. The review was originally initiated as aresult of escalating political and regulatory contentiousnessfollowing the organization's decision to cease construction of theV.C. Summer new nuclear units 2 and 3. Moody's also placed thelong-term ratings of SCANA's local gas distribution utilitysubsidiary, Public Service Company of North Carolina (PSNC, A3senior unsecured) under review for downgrade.

RATINGS RATIONALE

The rating action follows the South Carolina House ofRepresentatives overwhelming passage of H 4375, a bill that, ifenacted, would temporarily repeal the rates SCE&G is collectingunder the Base Load Review Act (BLRA) for its abandoned nuclearinvestment. As proposed in the legislation, "experimental" rateswould be in place until the Public Service Commission of SouthCarolina (SCPSC) makes a determination in SCE&G's ongoing rateproceeding, which is likely to be concluded in the third quarter ofthis year. The proposed immediate reduction in revenue would have amaterially negative impact on SCE&G and SCANA's cash flow creditmetrics.

"The downgrade of SCE&G and SCANA is driven by a political andregulatory environment that has become exceedingly contentious anduncertain, and Moody's assumption that SCE&G will ultimately berequired to make considerable rate concessions to move forward",said Laura Schumacher, Senior Credit Officer. "Although Moody'srecognize H 4375 has not yet been signed into law, the bill has thefull support of the governor, and at least some members of theSenate, which was contemplating similar legislation" addedSchumacher. The BLRA that this legislation targets has been a keyfactor supporting SCE&G and SCANA's credit quality as itconstructed the Summer nuclear units and any weakening of itsprovisions will have a detrimental effect on the organization'srisk profile and on its ability to recover Summer costs.

Moody's also believe the politically charged environment will weighheavily on the SCPSC as it looks to implement rates that are fairand reasonable, perhaps leading to rates that are authorized atunusually low levels or include provisions that significantly delayrecovery. Events over the past few months have led us to concludethe regulatory environment for SCE&G has deteriorated markedly andis now considerably below average.

The rating action also considers the negative legislative reactionto recent credit neutral proposals by SCANA, and by SCANA andDominion Energy, Inc. (Dominion, Baa2 negative) in conjunction withtheir proposed merger, that would better balance the cost ofnuclear abandonment between ratepayers, creditors and shareholders.As such, Moody's believe SCE&G and SCANA will ultimately berequired to absorb a greater portion of these costs, which wouldlikely materially weaken their financial position. For example,Moody's expect that the companies' ratios of cash from operationsexcluding changes in working capital (CFO pre-WC) to debt coulddecline to the low-teens.

The continued review of SCE&G and SCANA will focus on thecompanies' uncertain and rapidly evolving political and regulatoryenvironment as well as the likely impact on their future financialprofiles. To the extent there is evidence of additional financialstress or adverse political or regulatory developments, ratingscould be affected. For example if the legislature were to move toreplace members of the SCPSC; if SCE&G is ordered to refund amountspreviously collected under the BLRA, particularly without thebenefit of a larger, better capitalized partner; or if ratesestablished by the SCPSC do not provide an opportunity for SCE&G tomaintain a ratio of CFO pre-WC to debt that is at least in thelow-teens, ratings could be revised downward. Furthermore, if thecompany is unable to draw on its credit lines, or issue additionaldebt, due to covenant violations or an inability to represent thatit has not experienced a material adverse change, there could alsobe downward movement in the ratings.

The review for downgrade at PSNC recognizes its position within theSCANA family and the absence of strong ring fencing type provisionsthat could serve to insulate it from potential financial distressat the parent. As such, and in light of the wide ratingdifferential between PSNC and its parent SCANA, a downgrade ofSCE&G and SCANA would likely result in a downgrade of PSNC.

The ratings could be confirmed at their current levels if there isa substantial decline in the political and regulatorycontentiousness characterizing the Summer cost recoverydiscussions, if the cost recovery provisions of the BLRA are upheldand the Act remains in place, if there is a solution that providesbalance in the recovery of Summer costs among ratepayers, creditorsand shareholders, maintaining SCE&G and SCANA's credit profiles,and if SCE&G is able to collect rates going forward that willsupport stable cash flow metrics, including a ratio of CFO pre-WCto debt at least in the low-teens range.

Downgrades:

Issuer: SCANA Corporation

-- Issuer Rating, Downgraded to Ba1 from Baa3; Placed Under Review for further Downgrade

SCANA is a holding company for SCE&G, a vertically integratedelectric utility with local gas distribution operations regulatedby the SCPSC; Public Service Company of North Carolina, a local gasdistribution company regulated by the North Carolina UtilitiesCommission; and SCANA Energy Marketing, Inc. (SEMI, not rated), anon-regulated gas marketing business in Georgia.

The new V.C. Summer Units 2 and 3 are two Westinghouse AP1000nuclear units (approximately 1,100 MWs each) that had been underconstruction at SCE&G's existing VC Summer plant site. SCE&G owns55% of the new units, with the remaining 45% owned by the SouthCarolina Public Service Authority (Santee Cooper, A1 negative).

The principal methodology used in these ratings was RegulatedElectric and Gas Utilities published in June 2017.

SCHANTZ MFG: Court Terminates Access to Cash Collateral-------------------------------------------------------Judge Laura K. Grandy of the U.S. Bankruptcy Court for the SouthernDistrict of Illinois has entered an order providing that SchantzManufacturing, Inc.'s authority to use cash collateral isterminated. However, the valid, binding, enforceable, and dulyperfected replacement security interests granted to FirstMid-Illinois Bank and Trust in the Court's Orders dated Oct. 31,2017 and Dec. 13, 2017, will remain in full force and effect. Neither Debtor nor any subsequently appointed trustee will havepriority over Bank's security interest(s) and/or lien(s), nor theDebtor or and subsequently appointed Trustee be allowed anyrecovery from any collateral securing the claims of Bank for anyclaim Debtor or the trustee may have under Sec. 506(c).

About Schantz Mfg. and Schantz Holdings

Schantz Mfg -- http://www.schantzmfg.com/-- is a privately held company in Highland, Illinois that is engaged in the manufacturingof customized trailers. Schantz designs its trailers in a computer3-D environment. Some of the ergonomic features of the trailersinclude retractable wheels, high capacity air conditioning androof-mounted ice makers. Schantz was founded by Socrates Schantz 60years ago.

In the petitions signed by Mike Schantz, president, Schantz Mfg.estimated less than $50,000 in assets and $1 million to $10 millionin debt, while Schantz Holdings estimated less than $1 million inassets and $1 million to $10 million in debt.

SENTRIX PHARMACY: Intends to File Chapter 11 Plan by April 16-------------------------------------------------------------Sentrix Pharmacy and Discount, LLC, requests the U.S. BankruptcyCourt for the Southern District of Florida to extend the exclusiveperiod during which only the Debtor may file a Plan for 60 days,through and including April 16, 2018 and the period for acceptanceof the Debtor's plan, through and including June 15, 2018.

Pursuant to the Order granting the Debtor's First ExclusivityMotion, the 120-day period during which only the Debtor may file aPlan is due to expire on February 14, 2018 and the 180-day periodfor acceptance of the Debtor's plan will expire on April 16, 2018.

An Agreed Order Granting Agreement on Motion to ContinueEvidentiary Hearing on Motion to Waive Appoint of Ombudsman,Motions for Relief from Stay, Motion To Dismiss, Hearing on theMotion to Strike Expert Witness and Request for Status Conferencewas entered by the Court on January 29, 2018 and a PreliminaryHearing and Status Conference is set for March 14, 2018.

The Parties in relation to these Motions have reached a settlementin principle and are in the process of drafting a SettlementAgreement. Accordingly, the Debtor believes that it will be in abetter position to propose a Plan within the next 60 days.

SIX A CORPORATION: Seeks March 5 Exclusive Plan Filing Extension----------------------------------------------------------------Six A Corporation, d/b/a Wildlife Museum and Gift Shop, asks theU.S. Bankruptcy Court for the District of South Dakota to extendthe exclusivity period in which to file a plan and disclosurestatement to the date of March 5, 2018 and with an extension untilJuly 2, 2018 to gain acceptance of the filed plan.

Recently, the president of Six A Corporation fell and suffered afracture in his back. As a result of this injury the president wasbedridden for a significant amount of time and required strongmedications. During this time he was unable to assist in theorganization and structuring of the plan.

About Six A Corporation

Headquartered in Wall, South Dakota, Six A Corporation filed forChapter 11 bankruptcy protection (Bankr. D.S.D. Case No. 17-50186)on Aug. 7, 2017, estimating its assets at between $500,001 and $1million and its liabilities at between $100,001 and $500,000. Stanton A. Anker, Esq., at Anker Law Group, P.C., serves as theDebtor's bankruptcy counsel. SDRosebud LLC, d/b/a Barb'sBookkeeping and Tax Services, is the Debtor's bookkeeperr.

SPINLABEL TECHNOLOGIES: Seeks April 6 Plan Exclusivity Extension----------------------------------------------------------------SpinLabel Technologies, Inc., asks the U.S. Bankruptcy Court forthe Southern District of Florida for an extension of its exclusiveplan filing period for a period of 60 days to through and includingApril 6, 2018, and an extension of the exclusive solicitationperiod for a period of 60 days to through and including June 5,2018, without prejudice to seeking further extensions in the eventcircumstances require such relief.

The Debtor further request that the Procedures Order Deadline beextended to through and including April 6, 2018.

On Jan. 4, 2018, the Court entered an Order extending the ExclusiveFiling Period to Feb. 5, 2018, extended the Exclusive SolicitationPeriod to April 6, 2018, and extended the Procedures Order Deadlineto Feb. 5, 2018.

The Debtor seeks an extension of the Procedures Deadline Order,Exclusive Filing Period and Exclusive Solicitation Period for aperiod of 60 days in order to obtain exit financing, and tofinalize its disclosure statement and plan of reorganization.

The Debtor claims that its management has devoted significant timeto complying with the requirements of operating as adebtor-in-possession during a Chapter 11 case, pursuing variousbusiness opportunities, obtaining debtor-in-possession financing,and obtaining entry of the DIP Order. The Debtor has been able tosecure debtor-in-possession financing in the total amount of$250,000, and the Court entered the DIP Order on January 11, 2018.

After the entry of the DIP Order, the Debtor has been seeking exitfinancing, and preparing its disclosure statement and plan ofreorganization. However, as of February 2, 2018, the Debtor has notobtained the exit financing it seeks to emerge bankruptcy andoperate post-confirmation.

As a result, the Debtor requires additional time to obtain suchexit financing, and prepare and finalize its plan and disclosurestatement.

About SpinLabel Technologies

SpinLabel Technologies, Inc. -- http://www.spinlabels.com/-- is a Florida-based company dedicated to building and licensing itsunique labeling technology that builds brand value by engagingcurrent and prospective customers in the shopping corridor and athome.

Based in Miami, Florida, SpinLabel -- which does business asSpinformation, Inc., as Accudial Pharmaceutical, Inc., and asAccudial, Inc. -- filed a Chapter 11 petition (Bankr. S.D. Fla.Case No. 17-20123) on Aug. 9, 2017. In the petition signed by AlanShugarman, its director, the Debtor estimated $1 million to $10million in both assets and liabilities. Bradley S. Shraiberg,Esq., at Shraiberg Landaue & Page PA, serves as the Debtors'bankruptcy counsel.

STONE CONNECTION: Seeks Interim Access to Cash Collateral---------------------------------------------------------Stone Connection, Inc., seeks interim authorization from the U.S.Bankruptcy Court for the Northern District of Georgia to use cashcollateral in accordance with the Budget pending a final hearing.

The Debtor proposes to use cash collateral for general andadministrative expenses as set forth in the Budget. The expensesincurred by Debtor and for which cash collateral will be used willall be incurred in the normal and ordinary course of Debtors'businesses.

The Debtor entered into a Loan and Security Agreement with VFPIntermediate Holdings, LLC, which later on transferred its interestunder the Original Loan to ACM VFP Legacy Assets, LLC. The Debtorand ACM VFP Legacy entered into a First Amendment to the Loan andSecurity Agreement, which provided for asset based lending pursuantto a Revolver Note in the maximum amount of $2,500,000 and a TermNote in the principal amount of $500,000, all of which remainsecured by the Collateral.

Subsequently, on January 4, 2018, the Debtor and ACM VFP Legacyentered into a Second Amendment to the Loan and Security Agreement,which combined the remaining balance owed under the Revolver Noteand Term Note into a $450,000 Term Note, payable monthly with aMaturity Date of January 1, 2019.

As such, the Debtor recognizes that ACM VFP Legacy is entitled toadequate protection of its secured interest in the collateral andthe cash collateral.

The Debtor agrees, subject to approval of the Court, to grant theACM VFP Legacy nunc pro tunc as of the commencement of the Chapter11 case, a lien on and in all of Debtor's (property subject toprior perfected security interest and the Debtor's vehicles) to thesame extent and priority and of the same kind and nature as existedas of the Petition Date. Additionally, Debtor proposes to pay ACMVFP Legacy monthly interest payments in the amount of $5,756(includes 3% default rate).

Founded in 1999, Stone Connection, Inc. --https://www.stoneconnectionatlanta.com/ -- is a direct importer ofmarble and granite for homeowners and contractors in the Atlantametro area, including the communities of Roswell, Alpharetta, SandySprings, and more. Its 30,000 sq/ft warehouse and showroom inNorcross, Georgia have more than 300 individual types and colors ofgranite.

The firm will assist with the Debtor's monthly reportingrequirements; prepare its tax returns; and provide other accountingservices related to its Chapter 11 case.

The firm did not receive a pre-bankruptcy retainer, however, theDebtor has agreed to pay up to $6,000 per month in February andMarch 2018 for its post-petition services.

James Appelt, a certified public accountant, disclosed in a courtfiling that he and other members of his firm do not have anyconnection with the Debtor's creditors, which would represent aninterest adverse to its estate.

Based in Largo, Florida, Suncoast Internal Medicine Consultants, PA-- http://suncoastinternalmedicine.com/-- provides medical care to Pinellas County and the Greater Tampa Bay area. Its staff iscomposed of board-certified physicians focusing in the specialtiesof internal medicine, gastroenterology, and rheumatology. Suncoastwas founded in 1965 by Dr. George Kotsch.

SUNSHINE SEATTLE: Second Interim Cash Collateral Order Entered--------------------------------------------------------------Judge Timothy W. Dore of the U.S. Bankruptcy Court for the WesternDistrict of Washington authorized Sunshine Seattle Enterprises,LLC, to use the cash collateral in which Henry Ku may have aninterest in accordance with and subject to the conditions set forthin the Second Interim Order and the Budget through the conclusionof the final hearing on the cash collateral motion.

A final hearing on the Debtor's cash collateral motion willcommence on March 2, 2018, at 9:30 a.m.

The Second Interim Order requires the Debtor to provide adequateprotection as follows:

(a) Upon request of Henry Ku, the Debtor will immediatelyprovide proof of all hazard insurance for all property, and willmaintain adequate insurance on all property at all times.

(b) The Debtor will maintain its property in good conditionand repair.

(c) During the relevant time period, the Debtor will ensurethat no expenditure exceeds the amount set forth on the Budget bymore than 10% for any line-item, and that overall expenditures notexceed 5% of the authorized budget. The approved February 2018Budget provides total expenses of approximately $48,958.

(d) Henry Ku will have a lien, in the same amount, priority,and extent as his prepetition liens, on the Debtor's postpetitioninventory, chattel paper, accounts, equipment and generalintangibles; whether any of the foregoing is owned now or acquiredlater; all accessions, additions, replacements, and substitutionsrelating to any of the foregoing; all records of any kind relatingto any of the foregoing; all proceeds relating to any of theforegoing. Such lien is subordinated to the compensation andexpense reimbursement allowed to any trustee hereafter appointed inthe case.

TEAM HEALTH: Acquisition of EMC Credit Positive, Moody's Says-------------------------------------------------------------Moody's commented that Team Health Holdings, Inc.'s acquisition ofEmergency Medicine Consultants, Ltd. ("EMC") is credit positivebecause it will expand its presence within an attractive market andreduce financial leverage. Further, the manner by which Team Healthwill fund this transaction will preserve liquidity. There is nochange to Team Health's B3 Corporate Family Rating, B3-PDProbability of Default Rating, B2 senior secured ratings, or itsCaa2 unsecured rating. There is also no change to the negativeoutlook.

TEAM HEALTH: Fitch Cuts Issuer Credit Rating to B-, Outlook Stable------------------------------------------------------------------Fitch Ratings has downgraded the ratings of Team Health Holdings,Inc., including the company's Issuer Default Rating (IDR), to 'B-'from 'B'. The ratings apply to $3.6 billion of debt at Sept. 30,2017. The Rating Outlook is Stable.

KEY RATING DRIVERS

Persistent High Debt Leverage post-LBO: The downgrade is based onFitch's expectation that Team Health's high leverage, driven by aleveraged buyout of the business in early 2017 and a historicallyacquisitive posture, will persist for the foreseeable future. Grossdebt/EBITDA is currently about 8.0x. Fitch projects that leveragewill decline modestly in 2018, to about 7.8x at year-end, primarilyas a result of EBITDA growth. This deleveraging trajectory isslower than Fitch anticipated at the time of the LBO, primarilybecause of a soft volume environment weighing on margins in thelegacy Team Health business, and persistent operational issueshampering the integration of IPC Healthcare (IPC).

Most FCF to M&A: Cash generation is expected to be decent for the'B-' rating category, with FFO fixed charge coverage sustainedabove 1.5x through the forecast period and a FCF margin of around2%. However, the level of FCF will not be substantial enough todrive deleveraging through debt pay down in excess of requiredamortization on the term loans. Instead, Fitch expects most FCF tobe directed towards M&A, which has been a consistent driver oftop-line growth for the company in a weak organic growthenvironment.

Leading Position in Growing Market: Team Health is one of only ahandful of national providers of outsourced healthcare staffing,providing scale and scope for contracting with consolidating acutecare hospital systems and commercial health insurers. Leading scaleaffords good growth opportunities, both organic and inorganic innature. Nearly all of Team Health's revenues are sourced fromcontracted physician and other healthcare services. Concentrationis heaviest in emergency department (ED) staffing services and EDvolumes were soft across the physician staffing industry in 2017.Given the challenges inherent in rapidly adjusting staffing levels,this weighed on Team Health's margins and cash generation in 2017.

Continued Challenges in IPC Segment: Team Health more than doubledleverage in late 2015 to fund the acquisition of IPC, a nationalprovider of outsourced acute care hospitalist and post-acute careproviders. The $1.6 billion deal was pricy by most measures, anddifficulties in physician retention have been a headwind tocontract retention and organic growth. Longer-term, the IPCcombination has strategic merit because it lessens concentration inareas that are facing secular patient volume headwindssuch as theED. However, issues with hospitalist retention and decliningrevenue have been a persistent issue since the acquisition. Thecompany is currently working on various solutions to address theretention issue, but this has yet to manifest in improved organicgrowth in the segment.

Ample Liquidity, Solid FCF: Low working capital and capitalspending requirements and the expectation of no dividend paymentsin the near term support relatively strong FCF for the 'B-' ratingcategory and relative to the peer group. FCF was pressured in 2017by higher interest costs post-LBO as well as one-time items relatedto LBO transaction costs and litigation settlement payments, whichare not expected to re-occur.

DERIVATION SUMMARY

Team Health's 'B-' rating reflects the company's generallyfavorable operating profile compared to major peers, offset by aweaker a financial profile and recent issues integrating anacquisition, with relatively high financial leverage primarily as aresult of funding a 2017 LBO. Characteristics of a favorableoperating profile include Team Health's industry leading size andscale, highlighted by the company's depth in the major healthcareservice lines in which physician staffing companies have a dominantpresence, including anesthesiology and emergency department (ED)staffing. The company's closet peer, Envision Healthcare Corp'sEmCare segment, has similar scale as Team Health, but has lowerleverage and better financial flexibility.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Fitch Rating Case for the Issuer

-- Organic revenue growth, net of bad debt expense of 3-4% in 2017 through 2020 reflects an expectation of mid-single digit growth in the hospital segment, offset by continued declines in the IPC segment.

-- Total revenue growth of about 5-6% annually reflects ongoing tuck-in acquisitions through the projection period; revenue growth of 11% in 2018 reflects the effects of the acquisition of Emergency Medicine Consultants.

-- EBITDA margin increases slightly to 9.5% in 2019 due to assumption of some recovery in organic volume growth in the hospital segment partly offset by continued IPC weakness and lower margin acquisitions.

-- FCF (cash from operations less maintenance capex) of approx. - $66 million in 2017 due to acquisition-related costs and one- time settlement payment, increasing to slightly more than $100

The 'B+/RR2' rating for Team Health's secured debt reflects Fitch'sexpectations for 72% recovery under a hypothetical bankruptcyscenario. The 'CCC/RR6' rating on Team Health's senior unsecurednotes reflects Fitch's expectations of 6% recovery for theselenders in bankruptcy. The recovery analysis assumes that TeamHealth would be considered a going-concern in bankruptcy and thatthe company would be reorganized rather than liquidated.

Fitch estimates an enterprise value (EV) on a going concern basisof $2.5 billion for Team Health, after a standard deduction of 10%for administrative claims. Fitch assumes that Team Health wouldfully draw the $400 million available balance on the bank creditfacility revolver in a bankruptcy scenario and incremental debt tofund acquisitions.

Fitch assumes that the most likely scenario leading to bankruptcyfor Team Health would be some operational or regulatory headwind orindustry development that led to large-scale contract losses. TheEV assumption is based on post-reorganization EBITDA of $314million and an 8.5x multiple. The 8.5x multiple employed for TeamHealth compares to the low double digit multiple that the LBO wascompleted at and is consistent with the current trading multiple ofEnvision Healthcare Corp., Team Health's closest public peer. WhileFitch assumed that EBITDA would decline considerably in abankruptcy scenario, the enterprise value multiple is assumed toonly decline to the extent scale was meaningfully diminished acrossall geographies. Scale is important nationally, but it is moreimportant for outsourced companies on a regional basis.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead toPositive Rating Action

-- A high degree of certainty that gross debt/EBITDA after dividends to associates and minorities will be sustained below

Developments That May, Individually or Collectively, Lead toNegative Rating Action

-- An expectation that gross debt/EBITDA after dividends to associates and minorities will be durably above 8.0x coupled with FFO fixed charge coverage below 1.5x.

-- A FCF deficit that requires incremental debt funding.

-- Continued issues with integration of IPC or an acceleration of

weak organic operating trends in the hospital segment resulting in continued deterioration in margins.

LIQUIDITY

Adequate Source of Liquidity: Sources of liquidity, including cashon hand of $59 million as of Sept. 30, 2017 and a $400 million cashflow revolver, provide adequate internal liquidity for day-to-dayoperational needs. All cash is considered readily available byFitch.

Positive FCF in 2018: LTM FCF at Sept. 30, 2017 was negative $31million largely due to transaction and financing costs associatedwith the Blackstone acquisition as well as a $60 million settlementpayment related to legacy IPC litigation from the period beforeTeam Health acquired the company. Fitch expects FCF to turnpositive in 2018 without the burden of these one-time costs. As aservice provider that mainly utilizes clients' buildings andequipment, Team Health does not require large capital expenditures.Capex tends to be less than 1% of revenue, and Fitch does notexpect this dynamic to change in the near term.

Implications of Tax Reform: To the extent that Team Healthgenerates positive pre-tax income, the reduction in the corporatetax rate to 21% should benefit cash generation since the company'soperations are located entirely within the U.S. Based on Fitch'sforecast, Team Health's interest expense equals about 30% of EBITDAin 2018, but does tick up in the outer years because Fitch assumeshigher cost on the floating rate term loans. However, Fitch doesn'texpect the limitation of interest deductibility to have a majorimpact on cash generation.

Manageable Debt Maturities: No material debt is due until the termloan maturity in 2024. Term loan amortization is modest at only 1%or about $28 million per year. The term loan is also expected to besubject to a cash flow sweep provision, but the proposed definitionof excess FCF allows for deductions for capital expenditures,permitted investments and acquisitions, so Fitch doesn't expect theprovision to drive deleveraging.

S&P revised its recovery rating on the term loan because the finalterms of the credit agreement included a faster rate ofamortization, which increased its recovery estimate.

Trico competes in the intensely competitive auto aftermarketindustry. The ratings on the company reflect S&P's aggressiveassessment of its financial risk profile and its weak assessment ofits business risk profile.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

S&P's simulated default scenario anticipates a default in 2021 dueto reduced demand for Trico's products caused by renewed economicweakness in the U.S. or the loss of a major customer.

This scenario also envisions that the company's business continuesto lose market share as commodity prices escalate.

S&P expects that these conditions will reduce the company'svolumes, revenue, gross margins, and net income, causing itsliquidity to decline.

S&P expects the company to use the $30 million in proceeds from theupsized term loan B to fully repay the $23 million balance on itsrevolving credit facility, return cash to the balance sheet, andfund future capital expenditures.

The less favorable recovery and issue-level ratings reflect theproposed increase in the company's first-lien debt, which reducesrecovery prospects for first-lien lenders. S&P's analysis assumesan 85% draw on the revolver in a default scenario.

"At the same time, our 'B-' corporate credit rating and stableoutlook on FirstLight are unaffected. While we believe that thecompany will reduce leverage to the low-6x area from synergyrealization and earnings growth over the next 12 months, itsownership by private equity sponsors and the potential fordebt-financed acquisitions will likely constrain longer-termleverage improvement such that adjusted debt to EBITDA remainsabove 6.5x."

RECOVERY ANALYSIS

Key Analytical Factors

S&P said, "Our simulated default scenario contemplates speculativecapital spending with economic pressure that leads to customerchurn. This would cause the company's cash flow to decline to thepoint it is unable to cover its fixed charges (interest expense,required amortization, and maintenance capex levels), andeventually lead to a default in 2020.

"We have valued FirstLight on a going-concern basis using a 5.5xmultiple of our projected emergence EBITDA. Generally, we assign amultiple of 5x-6x for our fiber infrastructure companies. We chosea 5.5x multiple given the company's ratio of owned to leased fibernetwork assets relative to other fiber infrastructure peers."

VANGUARD HEALTHCARE: May Use Cash to Pay Litigation Counsel-----------------------------------------------------------The Hon. Randal S. Mashburn of the U.S. Bankruptcy Court for theMiddle District of Tennessee authorized Vanguard Healthcare LLC,and its affiliates to use cash collateral to pay the allowedinterim fees and expenses of special litigation counsel of theDebtors -- Baker Donelson and Burr & Forman -- up to the amountsreflected in the Debtors' Motion.

The Debtors and Healthcare Financial Solutions, LLC ("HFS") thatthe parties have reached an agreement for the use of the cashcollateral in a limited basis.

The remaining allowed interim fees and expenses of estateprofessionals listed in the Debtors' Motion may be paid upon theEffective Date of the Debtors' confirmed Plan and after theRestructured HFS Loan Documents have been executed and delivered atclosing.

The Cash Collateral Order will not be affected and remains in fullforce and effect.

Vanguard Healthcare, LLC, is a long-term care providerheadquartered in Brentwood, Tennessee, providing rehabilitation andskilled nursing services at 14 facilities in four states (Florida,Mississippi, Tennessee and West Virginia).

Vanguard Healthcare and 17 of its subsidiaries each filed a Chapter11 bankruptcy petition (Bankr. M.D. Tenn. Lead Case No. 16-03296)on May 6, 2016. In the petition signed by CEO William D. Orand,Vanguard estimated assets in the range of $100 million to $500million and liabilities of up to $100 million.

The U.S. Trustee appointed Laura E. Brown as patient care ombudsmanfor Vanguard Healthcare.

The Office of the U.S. Trustee appointed an official committee ofunsecured creditors. Bass, Berry & Sims PLC serves as bankruptcycounsel to the committee. CohnReznick LLP is the committee'sfinancial advisor.

VIRTUS INVESTMENT: S&P Lowers ICR to 'BB', Outlook Stable---------------------------------------------------------S&P Global Ratings said that it lowered its issuer credit rating onVirtus Investment Partners Inc. to 'BB' from 'BB+'. The outlook isstable. At the same time, S&P also lowered the rating on thefirst-lien term loan to 'BB' from 'BB+'. The recovery on the termloan is '3', reflecting S&P expectation for meaningful recovery(50%) in the event of a default.

The downgrade reflects S&P's expectation for Virtus' credit metricsto weaken following its proposed debt offering and acquisition of a70% stake in Sustainable Growth Advisors (SGA). Specifically, weexpect Virtus' leverage to increase to around 2x in 2018, fromapproximately 1.4x (counting 100% of the firm's mandatoryconvertible preferreds as equity and encompassing a full-year ofRidgeworth) as of Dec. 31, 2017.

The acquisition is being funded with proceeds from a $105 millionadd-on to the firm's existing term loan and cash on hand. There isno performance-based consideration, although Virtus has theobligation to buy an additional 30% of SGA at various points in thefuture. The price of this 30% will be based on established EBITDAmultiples and can be settled in cash or stock. Once purchased,Virtus intends to recycle this equity to future generations oftalent at SGA such that up to 25% of SGA's equity will be held byemployees. S&P adds these put obligations to debt in its leveragecalculation because it sees them as a debt-like obligation.

SGA, like many of Virtus' other affiliates, is a small andconcentrated asset manager. The company has limited product andasset class diversification, relies on a relatively small amount ofkey employees, and likely has less developed distributioncapabilities versus most larger, more well established managers S&Prates. The company has experienced material growth over the pastseveral years, going from $6 billion in assets under management(AUM) to $12 billion at year-end 2017. Although a significantamount of this growth came as a result of market appreciation, thefirm has had $2.8 billion in net inflows since the beginning of2015, coming mostly from the company's global growth equityproducts, which now make up 39% of total AUM.

SGA has a relatively short track record in strategies outside ofits large cap growth strategy. Additionally, investment performancehas been mixed with its large cap growth strategy eitherunderperforming or performing about in line with the Russell 1000Growth Index over several different periods (as of Sept. 30, 2017).The company's global growth strategy, which was started in 2011,has underperformed on a one-year basis (versus the MSCI ACWI andMSCI ACWI Growth Index), outperformed on a three-year basis, andbeen about in line to both indices on a five-year basis.

SGA will be Virtus' ninth affiliate (Virtus also employs severalsubadvisers), incrementally improving the firm's exposure todifferent strategies and managers. However, Virtus will now haveslightly more of an equity-tilted portfolio (56% of AUM proformafor the transaction), which could create more volatility in thecompany's earnings over time. In S&P's opinion, a moderate drawdownin equity markets could lead Virtus to break clearly above 2xleverage.

The SGA acquisition follows Virtus' purchase of RidgeWorth in 2017.S&P said, "We typically view managers who operate an affiliatemodel (rated peers such as Victory Capital and Affiliated ManagersGroup also do this) as being more acquisitive than peers thatoperate a more integrated model. Given Virtus' near-term trackrecord, we believe it is likely that the company will continue toacquire additional entities, which may be debt financed. Thecompany has cited that it targets a net leverage ratio of less than2x. However, we do not believe this is a maximum tolerance, andthus we believe that we could observe spikes modestly (but likelynot materially) above this level due to acquisition activity."

Virtus had slight long-term net outflows in 2017 following multipleyears of elevated net outflows. While investment performanceremains relatively good, with 79% of AUM in the top half of itspeer group on a five-year basis (although less is in the top halfon a one- and three-year basis) and 81% of AUM with a 4 or 5 starMorningstar rating, S&P believes it will remain somewhatchallenging for the firm to generate more than modest organicgrowth.

The firm's liquidity remains solid, in S&P's view, supporting therating. Underpinning this strength is the firm's good cash flowgeneration, moderate amount of cash on hand, and a $100 millionundrawn senior secured revolver. The company has no near-termmaturities and minimal cash needs consisting mostly of itscommitted dividend, dividends on the mandatory convertiblepreferred, capital expenditures, and working capital. The companymust also invest alongside any collateralized loan obligations itsaffiliates issue to comply with risk retention requirements. As ofDec. 31, 2017, Virtus had $118 million in seed capital investments,which S&P does not view as a primarily liquidity resource, althoughit could be used if needed.

S&P said, "The stable outlook reflects our expectation for EBITDAto increase significantly into 2018 as the company experiences thebenefit of a full-year of RidgeWorth's performance, closes on itsacquisition of SGA (expected in mid-2018), incurs less transactionand integration fees, and shows modest growth due to marketappreciation. It also reflects our expectation that the companywill maintain leverage close to 2x in 2018, although we believe thecompany's ongoing leverage tolerance may be somewhat higher due toits acquisitive strategy.

"We could lower the ratings if Virtus increases leverage to over 3xon a sustained basis or if we observe material businessdeterioration (investment performance or flows) such that webelieve Virtus' competitive position has substantially worsened.

"We could raise the ratings if Virtus reduces leverage tocomfortably below 2x and the company adopts a less acquisitivestrategy or a more stringent financial policy. An upgrade wouldalso be contingent upon the company demonstrating at least stableflows and good investment performance."

WALTER INVESTMENT: Preparing Draft 2018 Business Plan-----------------------------------------------------Walter Investment Management Corp., disclosed in a Form 8-Kregulatory filing with the Securities and Exchange Commission thatit is in the process of preparing its 2018 annual business plan.

Walter said the draft 2018 business plan will not be completedprior to the effective date of its prepackaged Chapter 11 plan, andhas not been reviewed or approved by either the Company's currentBoard of Directors or the persons who will comprise the Board ofDirectors on and after the Effective Date.

In the course of preparing the draft 2018 business plan to presentto the New Board for approval after the Effective Date, the Companyhas preliminarily reviewed its expected cash position for fiscal2018 in consultation with its debt restructuring advisors.

Based on that preliminary review, the Company is updating itsprojection of the Company's cash on hand at December 31, 2018("December 2018 Ending Cash"), as compared to the projection of"Ending Cash" as of December 31, 2018 included in the DisclosureStatement for the Prepackaged Plan.

The Company currently estimates, based on its preliminary andcontinuing review, that December 2018 Ending Cash will beapproximately $210 million, as compared to the projected estimateof $261 million set forth in the Disclosure Statement. The varianceis the result of a variety of factors, including timingconsiderations, matters relating to servicer advances and updatedworking capital assumptions.In addition, the Company is in the process of preparing its 2017financial statements, which financial statements remain subject tocompletion and audit.

Based on preliminary analysis, the Company expects that itsAdjusted EBITDA for the year ended December 31, 2017 will bemoderately lower than its projection of Adjusted EBITDA for theyear included in the Disclosure Statement. The variation is due tocontinued expenses and charges in the Company's Servicing andReverse segments, principally associated with default servicingoperations, which were partially offset by performance in excess ofexpectations in the Company's Originations segment. The Company isnot updating or revising the projection for Adjusted EBITDA for theyear ended December 31, 2018 included in the Disclosure Statement,which the Company believes continues to be materially consistentwith its current preliminary estimates for the year.

The Company believes that the Prepackaged Plan remains feasiblenotwithstanding the variances.

About Walter Investment

Based in Fort Washington, Pennsylvania and established in 1958,Walter Investment Management Corp., formerly known as WalterInvestment Management LLC -- http://www.walterinvestment.com/-- is a diversified mortgage banking firm focused primarily on servicingand originating residential loans, including reverse loans. Thecompany services a wide array of loans across the credit spectrumfor its own portfolio and for GSEs, government agencies,third-party securitization trusts and other credit owners. Thecompany originates and purchases residential loans that itpredominantly sells to GSEs and government entities.

Walter Investment commenced a prepackaged Chapter 11 case (Bankr.S.D.N.Y. Lead Case No. 17-13446) with a plan of reorganizationwhere the Company commits to reduce its outstanding corporate debtby approximately $806 million through a combination of cancellationof debt ($531 million) and principal pay-downs ($275 million).

As of Sept. 30, 2017, the Debtor had total assets of $14.97 billionand total debt of $15.21 billion.

WALTER INVESTMENT: To Change Name to Ditech Following Ch.11 Exit----------------------------------------------------------------Walter Investment Management Corp., disclosed in a Form 8-Kregulatory filing with the Securities and Exchange Commission thatit intends to change its name to Ditech Holding Corporation whenits Chapter 11 bankruptcy-exit plan takes effect.

The United States Bankruptcy Court for the Southern District of NewYork entered an order confirming Walter's Prepackaged Chapter 11Plan of Reorganization on January 18, 2018.

The Company anticipates emerging from the Chapter 11 Case on thedate when all remaining conditions to effectiveness to thePrepackaged Plan are satisfied. The Company has said it iscontinuing to work towards satisfying the remaining conditionsprecedent to the Prepackaged Plan and expects to emerge frombankruptcy in the near term.

On January 24, 2018, the Company received approval to list on theNew York Stock Exchange 4,252,500 shares of new common stock, parvalue $0.01 per share, issuable upon the Effective Date and27,685,000 shares of New Common Stock reserved for issuance underthe Company's management incentive plan or for issuance uponconversion or exercise of its Series A Warrants, Series B Warrantsand Mandatorily Convertible Preferred Stock, upon official noticeof issuance. The New Common Stock is expected to trade under thesymbol DHCP.

On the Effective Date, the Company expects to issue these equityand equity-linked securities:

* 7,245,000 Series A Warrants, exercisable for 7,245,000shares of New Common Stock; and

* 5,748,750 Series B Warrants, exercisable for 5,748,750shares of New Common Stock

The Company also will have reserved for issuance 3,193,750 sharesof New Common Stock issuable under the Company's managementincentive plan.

About Walter Investment

Based in Fort Washington, Pennsylvania and established in 1958,Walter Investment Management Corp., formerly known as WalterInvestment Management LLC -- http://www.walterinvestment.com/-- is a diversified mortgage banking firm focused primarily on servicingand originating residential loans, including reverse loans. Thecompany services a wide array of loans across the credit spectrumfor its own portfolio and for GSEs, government agencies,third-party securitization trusts and other credit owners. Thecompany originates and purchases residential loans that itpredominantly sells to GSEs and government entities.

Walter Investment commenced a prepackaged Chapter 11 case (Bankr.S.D.N.Y. Lead Case No. 17-13446) with a plan of reorganizationwhere the Company commits to reduce its outstanding corporate debtby approximately $806 million through a combination of cancellationof debt ($531 million) and principal pay-downs ($275 million).

As of Sept. 30, 2017, the Debtor had total assets of $14.97 billionand total debt of $15.21 billion.

WESTPAC RESTORATION: Ballard Now Counsel After Merger-----------------------------------------------------Westpac Restoration, Inc., asks the U.S. Bankruptcy Court for theDistrict of Colorado to allow its legal counsel to continue torepresent the company in its Chapter 11 case.

In its supplemental application, the Debtor asked the court "toauthorize the continued, uninterrupted employment" of Ballard andpay these attorneys on an hourly basis for services provided afterJan. 1:

Ethan Birnberg $385 Chad Jimenez $285

Ballard continues to hold the pre-bankruptcy retainer of $6,319.95,which the court approved as part of the initial application toemploy Lindquist & Vennum.

Ballard is a "disinterested person" as defined in Section 101(14)of the Bankruptcy Code, according to court filings.

Under the Amended Plan, Class 2 - General Unsecured Claims,estimated at $2,160,000, are impaired. Each Creditor holding anAllowed Class 2 Claim will receive, on account of its Allowed Class2 Claim its Pro Rata share of such amounts in the UnsecuredDistribution Reserve. Estimated Recovery of Class 2 creditors is12%.

A full-text copy of the First Amended Disclosure Statement datedDec. 20, 2017, is available at:

Whicker Asset Management, LLC, and Whicker Real Estate Holdings,LLC, operate under the name GTM Plastics. GTM is a manufacturer ofthermoplastic injection molding parts with capabilities forsecondary operations in assembly, hot plate and sonic welding, padprinting and hot stamping. For over 50 years, GTM has beenproducing quality plastic products for various differentindustries, including the automotive industry, HVAC, medical fieldand sports industries. GTM's reputation for providing qualityproducts and exceptional customer service has made it an industryleader and landed it on Inc. 5000's fastest growing companiesmultiple years in a row.

The Official Committee of Unsecured Creditors, which was formed onMarch 6, 2017, has retained Neal, Gerber & Eisenberg LLP ascounsel, and Loewinsohn Flegle Deary Simon LLP as co-counsel.

WILD CALLING: Taps Hoogendyk & Associates as Accountant-------------------------------------------------------Wild Calling Pet Foods, LLC received approval from the U.S.Bankruptcy Court for the District of Colorado to hire Hoogendyk &Associates, LLC. as its accountant.

The firm will advise the Debtor on various financial, tax andaccounting-related issues; prepare tax returns and periodicreports; review and prepare information on transfers made by theDebtor; and provide other services related to its Chapter 11 case.

Thomas Hoogendyk disclosed in a court filing that his firm is a"disinterested person" as defined in section 101(14) of theBankruptcy Code.

Wild Calling Pet Food, LLC -- http://wildcalling.com/-- is a relatively new company in the pet food manufacturing industry. Based in Greeley, Colorado, the family-owned company claims thatits line of dog and cat foods are all natural and grain-free withadded vitamins and minerals.

Wild Calling Pet Food filed a Chapter 11 petition (Bankr. D. Colo.Case No. 17-19898) on October 25, 2017. In the petition signed byCEO Timothy Petersen, the Debtor estimated $500,000 to $1 millionin assets and $1 million to $10 million in liabilities.

WILLIAM NATALE: Uptown Buying Hoboken Property for $975K--------------------------------------------------------William Joseph Natale asks the U.S. Bankruptcy Court for theDistrict of New Jersey to authorize the sale of the real propertylocated at 910 Hudson Street, Unit 1, Hoboken, New Jersey to UptownHudson Realty, LLC, for $975,000.

A hearing on the Motion is set for Feb. 27, 2018, at 10:00 a.m.

The Debtor purchased the Property in January 2006 for $1,160,000. On Aug. 1, 2017, the Debtor filed for relief under Chapter 11 ofthe United States Bankruptcy Code, 11 U.S.C. Section 101, et seq.

Pursuant to an appraisal obtained one year prior to the FilingDate, the Property was appraised at $900,000. The building wherethe Property is located consists of three units. The second unitis owned by the Debtor's girlfriend, Claudia A. Mancini. Ms.Mancini has a pending Chapter 11 proceeding in the U.S. DistrictCourt for the District of New Jersey at Case No. 16-23040 (SLM). An Order, as amended, was entered on Jan. 19, 2018, approving thesale of Unit 2. The sale for Unit 2 was consummated on Jan. 29,2018. The third unit is owned by the Debtor's son, Joseph Natale.

The Property is utilized as the Debtor's primary residence. OnAug. 22, 2017, the Debtor filed an application to approve theretention of Coldwell Banker Residential Broker as realtor for theProperty, which was approved on Sept. 28, 2017.

On Oct. 6, 2017, US Bank, N.A., as trustee, on behalf of theholders of the J.P. Morgan Mortgage Acquisition Trust 2006-WMC2Asset Backed Pass-Through Certificates, Series 2006-WMC2 filed itssecured Proof of Claim in the amount of $1,740,617.

In early-2017, the Debtor received an offer for the Property in anamount less than $900,000, conditioned upon the sale of the othertwo units in the Property. On April 11, 2017, the Debtor receivedan offer from Aimee Wang and Dennis Wang, through their designee,910 Brownstone, LLC ("Original Purchaser") to purchase the Propertyfor $960,000.

As with other interested potential purchasers, the sale of theProperty was contingent upon the sale of all three units of thebuilding. The Original Purchaser had pending contracts for allthree units with the respective owners. Unit 2 was under contractwith the Original Purchaser for $550,000. There were certaindelays outside of the Debtor's control in obtaining the short saleapproval of the Debtor's and Ms. Mancini's respective lenders.

In November 2017, the Purchaser made an offer for Unit 2 in theamount of $575,000, and removed the contingency that all threeunits close at once. The Purchaser was willing to close on Unit 2,and have the Property and Unit 3 close together. Therefore, thecontracts pending with the Original Purchaser were terminated, anda Contract of Sale was entered into with Purchaser for $975,000,free and clear of all liens, claims and encumbrances.

Joseph's unit is being sold for $1,085,000. His mortgage is not indefault. He currently resides in Florida. The sale of his unitalone is impossible due to the known financial and foreclosureissues with the Property and Unit 2. Joseph has agreed to pay forcosts for an oil tank cleanup at the 910 Property from his saleproceeds. As disclosed in Ms. Mancini's proceeding, Joseph agreedto allocate funds totaling approximately $120,000 to facilitate thesale of Unit 2, once the closing for Unit 3 has been consummated.

The Debtor engaged in formal short sale discussions directly withUS Bank, through its servicer, Select Portfolio Servicing, Inc.("SPS") immediately upon the Filing Date. All documents in theshort sale process had to be re-submitted to SPS once the Purchasermade an offer. The Debtor was informed verbally by SPS that theProperty appraised for $950,000.

On Jan. 22, 2018, SPS verbally confirmed that the short sale to thePurchaser was approved. On Jan. 29, 2018, the undersigned receivedwritten confirmation of the approval. Specifically, US Bank hasagreed to fix its claim in the amount of $756,250, and waive anydeficiency claim. US Bank consents to the payment of condominiumassociation fees estimated at $80,000, municipal liens ofapproximately $10,000, and realtor commissions in the amount of$48,750 (5% of the purchase price). Upon information and belief,there are water and sewer charges totaling approximately $7,900.

The remaining balance of $80,000 will be used to pay theRestitution Judgment and customary closing costs (including anymunicipal liens exceeding $10,000). The balance after satisfactionof those amounts will be held in escrow by the Debtor's undersignedcounsel to be used to make a distribution to creditors in thisChapter 11 proceeding, including administrative, priority andgeneral unsecured creditors pursuant to a confirmed Plan ofReorganization or further Order of the Court.

The Debtor anticipates that the sale of the Property will realizesignificant funds for the benefit of the Estate, which will pay offthe secured creditor, US Bank, satisfy brokers' commissions, theRestitution Judgment, and satisfy municipal and other lien(s)against the Property.

Given the first mortgage lien of US Bank recorded on Jan. 25, 2006,there is no equity in the Property, and all lienholders areproperly classified as general unsecured claim.

The Title Commitment obtained by the Purchaser reveals these liensagainst the Property:

a. Julian Orleans, M.D. obtained a Judgment on April 27, 1999in the amount of $101.

c. The Second Mortgage lien of Citibank Federal Savings Bankwas recorded on April 3, 2006, in the face amount of $100,000.

d. The Internal Revenue Service recorded Judgments against theDebtor from Feb. 18, 2009 through Jan. 27, 2016. Pursuant to theProof of Claim filed by the IRS, these liens total approximately$312,343.

e. The Third Mortgage lien of Steven Capiello (now deceased)was recorded on June 10, 2009, in the face amount of $50,000.

f. Sovereign Bank recorded a Judgment on Oct. 7, 2009 in theamount of $92,367.

g. Valley National Bank recorded a Judgment against the Debtoron July 28, 2010 in the amount of $110,253.

h. Capital One Bank recorded a Judgment against the Debtor onOct. 4, 2010 in the amount of $10,299.

i. The State of New Jersey, Division of Taxation recordedJudgments against the Debtor from Oct. 4, 2010 through Nov. 26,2015. Pursuant to the Proof of Claim filed by the State, theseliens total approximately $69,000.

j. Wilentz, Goldman & Spitzer obtained a Judgment against theDebtor on April 11, 2011, and was listed as a general unsecuredclaim on Schedule F to the petition in the amount of $3,700.

k. Warren Sordill, DMD obtained a judgment recorded on orabout June 7, 2013 in the amount of $903.

l. The Presidential Condominium Association obtained ajudgment recorded on Feb. 7, 2017 in the amount of $25,536.

m. There is also a Judgment in favor of the United States ofAmerica from Dec. 8, 2000, in the amount of $20,000 for restitutionowed by the Debtor.

The Debtor will consider higher and better offers through the salehearing. The creditors have received notice of the sale throughthe filing of the Notice of the Sale. Moreover, the Broker willcontinue to show the Property to any interested party uponrequest.

The Debtor anticipates that the sale of the Property will realizesignificant funds for the benefit of the Estate, which will be usedto satisfy certain debts relating to the Property, and make adistribution pursuant to a confirmed Plan of Reorganization orother Order of the Court in the bankruptcy proceeding.

The Debtor asks the Court to waive the stay requirements under Rule6004(h) in connection with the sale of the estate's interest in theProperty, so the sale can be consummated as soon as practicable.

Shutts does not own or have a claim against or interest in theDebtors. Pursuant to Bankruptcy Rule 2019(d), Shutts reserves theright to amend, revise and supplement this Statement. A copy of the verified statement can be reached at:

Headquartered in Sherman Oaks, California, The Woodbridge GroupEnterprise -- http://www.woodbridgecompanies.com/-- is a comprehensive real estate finance and development company. Itsprincipal business is buying, improving, and selling high-endluxury homes. The Woodbridge Group Enterprise also owns andoperates full-service real estate brokerages, a private investmentcompany, and real estate lending operations. The Woodbridge GroupEnterprise and its management team have been in the business ofproviding a variety of financial products for more than 35 years,and have been primarily focused on the luxury home business for thepast five years. Since its inception, the Woodbridge GroupEnterprise has completed more than $1 billion in financialtransactions. These transactions involve real estate, note buyingand selling, hard money lending, and alternative financialtransactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filedChapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.17-12560) on Dec. 4, 2017. Woodbridge estimated assets andliabilities at between $500 million and $1 billion.

[*] 12 Ervin Cohen & Jessup Attorneys Named to Super Lawyers List-----------------------------------------------------------------Los Angeles law firm Ervin Cohen & Jessup LLP on Feb. 5, 2018,announced that 12 of its attorneys have been selected to a SuperLawyers(R) List.

"Only five percent of attorneys statewide are selected," said thefirm's Co-Managing Partner Barry MacNaughton. "It's especiallymeaningful when that praise comes from our peers at competing lawfirms."

Mr. MacNaughton emphasized how the honors mirror the high standardof excellence that the firm's attorneys set for themselves. "We'rehonored to be recognized for the work we perform on behalf of ourclients," he said.

The national rating service annually identifies outstanding lawyersfrom more than 70 practice areas who attained a high degree of peerrecognition and professional achievement.

The following ECJ lawyers were selected in their practice areas for2018:

[*] Ballard Spahr's Ethan Birnberg Wins Cordova Service Award-------------------------------------------------------------Ethan J. Birnberg, a litigator who focuses on bankruptcy andrestructuring cases, has received the Donald E. CordovaDistinguished Service Award in recognition of his commitment toproviding pro bono legal services to indigent debtors.

Mr. Birnberg, who is based in Ballard Spahr's Denver office,received the Cordova Award on January 26, 2018, during the AmericanBankruptcy Institute (ABI) Annual Rocky Mountain BankruptcyConference. The honor is awarded annually by the Faculty ofFederal Advocates, a nonprofit organization of attorneys dedicatedto improving the quality of legal practice in Colorado federalcourts. Named in memory of the Honorable Donald E. Cordova, formerChief Bankruptcy Judge of the District of Colorado, the awardhonors an attorney with the passion and dedication to pro bonoservice for which Judge Cordova was well known. The HonorableMichael E. Romero, the current Chief Bankruptcy Judge of theDistrict of Colorado, presented the award to Mr. Birnberg during aceremony at the ABI conference.

"This award is a tremendous acknowledgement of Ethan's compassionand contributions made over many years," said Steven W. Suflas,Ballard Spahr's Office Managing Partner in its Denver and Boulderlocations. "Ethan is an outstanding attorney who uses his skillsto help the less fortunate, and in doing so brings credit tohimself, our firm, and the profession as a whole. We are proud ofhis accomplishments and his commitment."

Mr. Birnberg joined Ballard Spahr's Denver office last monththrough the firm's merger with Lindquist & Vennum, aMinneapolis-based firm with a Denver location. Ballard Spahr'sexpansion in Denver further deepens the firm's capabilities toserve clients in the region, including in bankruptcy andreorganization matters. As a member of Ballard Spahr's Bankruptcy,Reorganization and Capital Recovery Group, Mr. Birnberg representsdebtors, trustees, creditors, and receivers. His work spansindustries­including energy, hospitality, and technology­and avariety of matters, from corporate restructuring, workouts, andasset sales to advising on fiduciary duties and handlingadversarial proceedings.

Last month's merger also expands Ballard Spahr's nationallyrenowned pro bono program, a longtime hallmark of the firm. Inaddition to the Faculty of Federal Advocates' Bankruptcy Pro BonoProgram, attorneys and staff in Denver support a variety of localand national bar, civic, and charitable causes, including theColorado Lawyers Committee, the Anti-Defamation League, Wills forHeroes, the Sam Cary Bar Association, the Airport Minority AdvisoryCouncil, and the Downtown Denver Partnership.

About Ballard Spahr

Ballard Spahr LLP, an Am Law 100 law firm with more than 650lawyers in 15 offices in the United States, provides a range ofservices in litigation, business and finance, real estate,intellectual property, and public finance. Its clients includeFortune 500 companies, financial institutions, life sciences andtechnology companies, health systems, investors and developers,government agencies, media clients, educational institutions, andnonprofit organizations. The firm combines a national scope ofpractice with strong regional market knowledge.

[*] Bruce Passen Joins Tiger Group as Managing Director-------------------------------------------------------Bruce Passen, a 40-year veteran of the debt purchasing field andformer principal of Bikaver Group and CEO of Hilco Receivables, hasjoined Tiger Group as Managing Director of the company'snewly-formed Tiger Receivables division.

Based in Chicago, Mr. Passen will direct all account receivables(A/R) purchase activities for the asset valuation, advisory anddisposition services firm. His role includes sourcing A/R purchaseopportunities, as well as reviewing pricing and collectionstrategies for all A/R portfolios that are purchased by Tiger ormanaged on a fee basis for the firm's clients. He reports to TigerCEO and Managing Member Dan Kane.

"As some of our transactions involve purchasing or assisting incollecting accounts receivable, we realized that having in-houseexpertise was important," said Mr. Kane. "With his experience andknowledge of the accounts receivable business, Bruce is the perfectperson to lead our new division."

Most recently, from 2010 to 2017, Mr. Passen was a principal withBikaver Group, LLC in Chicago, where he provided consultingservices for banks and other financial institutions to value A/Rpools, and was also involved in the purchase and co-purchase ofportfolios on a deal-by-deal basis. Prior to that, he was CEO ofSteamboat Partners LLC, a Chicago-based start-up focused onpurchasing commercial debt from companies that were in liquidation,as well as appraising debt values for banks and other financialinstitutions.

From 2000 to 2007, as CEO of Hilco Receivables, Mr. Passen managedthe start-up and operations of the Chicago-based business. At thetime the business was sold to Cerebus in 2007, it was managing over$5 billion (face value) of consumer and commercial debt. Earlier inhis career, he was CEO of debt collection company Abacus FinancialManagement Services, also in Chicago.

A resident of Chicago, Mr. Passen earned a B.A. from the Universityof Colorado, Boulder.

[*] Middleton Joins Houlihan Lokey's Hong Kong Restructuring Team-----------------------------------------------------------------Houlihan Lokey, the global investment bank, on Feb. 4, 2018,disclosed that Edward Middleton has joined the firm as a ManagingDirector and Co-Head of Financial Restructuring, Asia alongsideBrandon Gale. He is based in Hong Kong.

Mr. Middleton enjoys an excellent reputation in the internationalrestructuring community, having been a partner at KPMG, where for10 years he was Head of its Restructuring Services practice inChina and the Asia-Pacific region. In this role, Mr. Middletonoversaw formal insolvency and regulatory appointments, out-of-courtfinancial restructuring, crisis management appointments, andoperational turnarounds for stressed and distressed assets. Mr.Middleton has spent more than 20 years in Asia, and his experiencespans nearly every major industry sector, including banking andfinancial services, securities, energy and natural resources,transport and distribution, construction, hotels and leisure,electronics, manufacturing, technology, retail, and luxury goods. He began his restructuring career in the U.K. in 1989.

"We are looking to selectively expand our restructuring teams inHong Kong and Singapore in line with growth in the Asian debtcapital markets and with a focus on developing expertise outsideour core market segment," said Joseph Swanson, Senior ManagingDirector and Co-Head of Houlihan Lokey's European FinancialRestructuring Group, who also oversees the firm's FinancialRestructuring business in Asia. "As a practice leader with anoutstanding track record of advising on nearly every type ofrestructuring engagement, Eddie is the perfect candidate to joinour team in Hong Kong. I'm confident he will be tremendouslybeneficial both to our clients and to Houlihan Lokey's continuedgrowth in the region," he continued.

"With a decades-long reputation as a global leader in financialrestructuring and recent expansion of its Financial Restructuringefforts in Sydney and Dubai, Houlihan Lokey is an incrediblyexciting opportunity for me. I look forward to partnering withBrandon and leveraging my experience, relationships, and expertiseto provide our clients with the superior advice and solutions theyhave come to expect," said Mr. Middleton.

Mr. Middleton holds a B.A. in Economics & Politics from theUniversity of Manchester. He is a fellow of INSOL Internationaland a member of the International Insolvency Institute, as well asholds fellowship status of both the Association of CharteredCertified Accountants and the Hong Kong Institute of CertifiedPublic Accountants.

Houlihan Lokey (NYSE:HLI) is a global investment bank withexpertise in mergers and acquisitions, capital markets, financialrestructuring, valuation, and strategic consulting. The firmserves corporations, institutions, and governments worldwide withoffices in the United States, Europe, the Middle East, and theAsia-Pacific region. Independent advice and intellectual rigor arehallmarks of the firm's commitment to client success across itsadvisory services. Houlihan Lokey is ranked as the No. 1 M&Aadvisor for all U.S. transactions, the No. 1 global restructuringadvisor, and the No. 1 global M&A fairness opinion advisor over thepast 20 years, according to Thomson Reuters.

[*] Moody's B3 Negative and Lower Corporate Ratings Down in January-------------------------------------------------------------------The number of companies on its B3 Negative and Lower CorporateRatings List declined again in January to reach its lowest levelsince May 2015, Moody's Investors Service says in a new report. Thelist now includes 204 companies, and accounts for 13.7% of thetotal speculative-grade population.

Pockets of credit weakness remain, however, Chursin says, but areconfined to just two sectors, with default activity occurringmainly among oil and gas and retail companies in January.

Oil & Gas sector representation among B3-PD negative and lowerrated companies has been steadily shrinking, and at 19%, is nowalmost on par with Consumer/Business Services, at 17%. The Retailsector, including apparel/shoes, makes up the third-largest portionof the list, at 12%.

Currently only six sectors account for 20% or more of the B3Negative and Lower Corporate Ratings List, Moody's says, comparedwith 17% when the number of companies on the list peaked during thefinancial crisis.

[*] Outten & Golden Bags Law360 Practice Group of the Year Award----------------------------------------------------------------Outten & Golden LLP's Class Action Practice Group and its WARN ActPractice Group have been selected as 2017 Practice Groups of theYear in the categories of Employment and Bankruptcy, respectively. The awards go to law firms that have won particularly impressivevictories during the year.

"I am very proud that Law 360 has awarded this special recognitionto two of our Practice Groups," said Wayne N. Outten, the managingpartner of Outten & Golden, the largest employee-side employmentlaw firm in the United States. "Notably, Outten & Golden is theonly employee-side firm recognized in either of those categories. Adam Klein started our Class Action Practice Group in 2000 and wasjoined by Justin M. Swartz in 2003; they have built one of thelargest and best employee-side class action practices in the UnitedStates, with an extraordinary team of talented and dedicatedlawyers. And, over the past ten years, Rene Roupinian and JackRaisner have built our WARN Act Practice Group into the premierpractice representing employees in WARN Act cases."

Adam T. Klein, the deputy managing partner at Outten & Golden,said, "We are delighted to be recognized by Law360 as a 2017Practice Group of the Year recipient for two of our PracticeGroups. The honor is due to the hard work and dedication of thelawyers, paralegals, and non-lawyer staff of the entire firm."

The Employment Practice Group award is based on two major victoriesduring 2017 on behalf of veterans under the Uniformed ServicesEmployment and Reemployment Rights Act, plus a favorable juryverdict in an FLSA misclassification case in Connecticut. PeterRomer-Friedman was the lead lawyer on the USERRA cases and JahanSagafi was the lead lawyer on the FLSA case.

The Bankruptcy Practice Group award is centered largely on thefirm's prosecution of a precedent-setting case to the U.S. SupremeCourt, in which the Court struck a blow to the trend of structuredsettlements by requiring Bankruptcy Courts to honor the absolutepriority rule for creditors. "Most of our [WARN] cases, more than90 percent, are litigated in bankruptcy court," said Jack Raisner."We have the experience of the deep bench at the firm with respectto employment law, but we also have the experience in thebankruptcy court."

From Law360: "Law360 selects practice groups with an eye towardlandmark matters and general excellence, Law360 selected 157winning groups across 34 practice areas. In the awards program'sseventh year, the Practice Groups of the Year hailed from 80 lawfirms and rose to the top of 619 submissions."

Outten & Golden -- https://www.outtengolden.com/ -- focuses onrepresenting employees in employment and related workplace matters. Its class action practice group handles cases involving a widerange of employment issues, including economic exploitation,gender- and race-based discrimination, wage-and-hour violations,violations of the WARN Act, and other systemic workers' rightsissues. The firm also represents individual employees with a widevariety of claims, including discrimination and harassment based onsex, sexual orientation, gender identity and expression, race,disability, national origin, religion, and age, as well asretaliation, whistleblower, and contract claims. In addition, thefirm counsels individuals on employment and severance agreements;handles complex compensation and benefits issues (includingbonuses, commissions, and stock/ option agreements); and advisesprofessionals (including doctors and lawyers) on contractualissues.

Outten & Golden has offices in New York, Chicago, San Francisco,and Washington, DC.

[*] Restructuring Vet Jim McKnight Joins Houlihan Lokey in Sidney-----------------------------------------------------------------Houlihan Lokey, Inc., the global investment bank, on Jan. 31. 2018,disclosed that Jim McKnight has joined the firm as a ManagingDirector. He is based in Sydney and will lead the firm's FinancialRestructuring efforts in Australia.

Mr. McKnight joins from Fort Street Advisers, where he was aPrincipal and Head of Restructuring since 2013. Prior to FortStreet Advisers, he spent more than a decade at UBS, where he wasHead of Asia Pacific Restructuring and Head of Debt Advisory forAustralia. Mr. McKnight has advised corporates, lenders,governments, and shareholders across a wide range of sectors,including energy, real estate, transportation, retail,infrastructure, and public-private partnerships, among others. Noteworthy restructuring engagements include the Wiggins IslandCoal Export Terminal, BrisConnections, Griffin Coal, Asciano,Centro Retail Trust, GPT, Hong Kong Disneyland, SK Global, Seiyu,Network Ten, and Reliance Rail.

"With eighteen years of experience in investment banking, andhaving advised on many of the most high-profile and complexrestructurings in the Asia-Pacific region, Jim is a perfectcandidate to join our restructuring team in Australia," said EricSiegert, Co-Head of Financial Restructuring at Houlihan Lokey. "Our clients in Australia are already deriving substantial valuefrom his expertise, and I'm confident that he will continue to beof tremendous benefit to them and to Houlihan Lokey's continuedgrowth as we add talented, experienced bankers around the world,"he continued.

"Houlihan Lokey's reputation as a stellar restructuring advisor forboth companies and creditors is well-known, and joining a firm thatconsistently leads the bankruptcy and restructuring league tablesaround the world was a very easy decision. The firm's growth andmomentum in Australia represent an exciting opportunity for me, andI look forward to further enhancing client service and growing thefirm's client base in the region," said Mr. McKnight.

Mr. McKnight holds a B.Acc. from the University of Glasgow and anMBA from Strathclyde Graduate Business School. He is also aChartered Accountant with the Institute of Chartered Accountants ofScotland.

Houlihan Lokey (NYSE:HLI) is a global investment bank withexpertise in mergers and acquisitions, capital markets, financialrestructuring, valuation, and strategic consulting. The firm servescorporations, institutions, and governments worldwide with officesin the United States, Europe, the Middle East, and the Asia-Pacificregion. Independent advice and intellectual rigor are hallmarks ofthe firm's commitment to client success across its advisoryservices. Houlihan Lokey is ranked as the No. 1 M&A advisor forall U.S. transactions, the No. 1 global restructuring advisor, andthe No. 1 global M&A fairness opinion advisor over the past 20years, according to Thomson Reuters.

Monday's edition of the TCR delivers a list of indicative pricesfor bond issues that reportedly trade well below par. Prices areobtained by TCR editors from a variety of outside sources duringthe prior week we think are reliable. Those sources may not,however, be complete or accurate. The Monday Bond Pricing tableis compiled on the Friday prior to publication. Prices reportedare not intended to reflect actual trades. Prices for actualtrades are probably different. Our objective is to shareinformation, not make markets in publicly traded securities.Nothing in the TCR constitutes an offer or solicitation to buy orsell any security of any kind. It is likely that some entityaffiliated with a TCR editor holds some position in the issuerspublic debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies withinsolvent balance sheets whose shares trade higher than $3 pershare in public markets. At first glance, this list may look likethe definitive compilation of stocks that are ideal to sell short.Don't be fooled. Assets, for example, reported at historical costnet of depreciation may understate the true value of a firm'sassets. A company may establish reserves on its balance sheet forliabilities that may never materialize. The prices at whichequity securities trade in public market are determined by morethan a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filedChapter 11 cases involving less than $1,000,000 in assets andliabilities delivered to nation's bankruptcy courts. The listincludes links to freely downloadable images of these small-dollarpetitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book ofinterest to troubled company professionals. All titles areavailable at your local bookstore or through Amazon.com. Go tohttp://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday editionof the TCR.

The Sunday TCR delivers securitization rating news from the weekthen-ending.

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